Guideline Value for ANDAVAR NAGAR 2ND STREET

Andavar Nagar 2nd Street guideline value

The current guideline value of Andavar Nagar 2nd Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of Andavar Nagar 2nd Street has changed

The guideline value for Andavar Nagar 2nd Street has seen several revisions over the years. In 2002, the value was Rs 697 per sq.ft, which increased to Rs 766 per sq.ft in 2003. There is no figure available for the year 2007. The value then rose significantly to Rs 5,800 per sq.ft in 2012, followed by a decrease to Rs 3,886 per sq.ft in 2017. The value increased to Rs 5,800 per sq.ft again in 2023, and currently stands at Rs 6,300 per sq.ft as of the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2023 to 2024 reflects a 9% rise. Notably, the value saw a substantial increase of 657% from 2003 to 2012. Overall, from 2002 to 2024, the guideline value has increased by 804%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, placing Andavar Nagar 2nd Street above this median with its current value of Rs 6,300 per sq.ft.

• Andavar Nagar 3rd Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 1st Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 4th Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 5th Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 6th Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 7th Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Andavar Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total to Rs 5,67,000. It is important to note that the 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 Andavar Nagar 2nd Street?

The Sub Registrar Office that covers Andavar Nagar 2nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Puliyur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Additionally, the guideline value serves as a reference point for buyers and sellers in negotiations. It helps to establish a baseline for property prices, which can be particularly useful in an area with fluctuating market conditions.

Frequently asked questions

What is the current guideline value of Andavar Nagar 2nd Street?

The current guideline value of Andavar Nagar 2nd Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 697 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 804% over the years.

What are the other streets in Puliyur with the same guideline value?

Other streets in Puliyur with the same guideline value of Rs 6,300 per sq.ft include Andavar Nagar 1st, 3rd, 4th, 5th, 6th, and 7th Streets.

What is the registration fee for properties in Andavar Nagar 2nd Street?

The registration fee for properties in Andavar Nagar 2nd Street is calculated based on the guideline value. For a property valued at Rs 63,00,000, the registration fee at 2% would be Rs 1,26,000.

Which office handles property registrations in Puliyur?

The Kodambakkam Sub Registrar Office handles property registrations in Puliyur. It is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.