Guideline Value for ANDAL STREET(PER)

Andal Street(Per) guideline value

The current guideline value of Andal Street(Per) in Sattamangalam village is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Andal Street(Per) has changed

The guideline value of Andal Street(Per) has seen several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 400 per sq.ft. The most recent revision in 2024 set the value at Rs 440 per sq.ft, an increase of 10% from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing the 2024 figure for Andal Street(Per) below this median.

• Anganur Street: Rs 660 per sq.ft (2024)
• Annai Indra Nagar (Ward -19): Rs 440 per sq.ft (2024)
• Annai Jayalakshmi Nagar (Kr): Rs 990 per sq.ft (2024)
• Annai Moogambigai Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Amman Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Ambikapathi Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Street(Per)

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andal Street(Per)?

The Sub Registrar Office that covers Andal Street(Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sattamangalam

The guideline value plays a crucial role in the property registration process in Sattamangalam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers should be aware that the guideline value is the basis for these calculations, ensuring compliance with local regulations.

When registering a property, the guideline value helps establish a transparent and standardized valuation for transactions. This ensures that both parties are aware of the financial obligations associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Andal Street(Per)?

The current guideline value of Andal Street(Per) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Andal Street(Per)?

Andal Street(Per) is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in Andal Street(Per)?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees amount to Rs 39,600 based on the guideline value.

Which office handles registrations for Andal Street(Per)?

The Chengleput Joint II Sub Registrar Office handles registrations for Andal Street(Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.