Guideline Value for ANDAVAR NAGAR 3RD STREET

Andavar Nagar 3rd Street guideline value

The current guideline value of Andavar Nagar 3rd Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - III.

How the guideline value of Andavar Nagar 3rd Street has changed

The guideline value for Andavar Nagar 3rd Street has undergone 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, marking a 10% rise. The value saw a significant jump to Rs 5,800 per sq.ft in 2012, reflecting a 657% increase from 2003. However, it then dropped to Rs 3,886 per sq.ft in 2017, a decrease of 33% from the previous revision. The guideline value rose again to Rs 5,800 per sq.ft in 2023, a 49% increase from 2017, and has now reached Rs 6,300 per sq.ft in the 2024 revision, which is a 9% increase.

It is important to note that there is no figure available for Andavar Nagar 3rd Street in the 2007 revision. 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 that carry a 2024 guideline value 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 3rd Street's 2024 figure above this median.

• Andavar Nagar 1st Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 2nd 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, while the registration fee at 2% would be Rs 1,26,000, totaling Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andavar Nagar 3rd Street?

The Sub Registrar Office that covers Andavar Nagar 3rd 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 further assistance.

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

The guideline value is an essential factor when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable duties. This value is crucial for both buyers and sellers as it influences the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Andavar Nagar 3rd Street?

The current guideline value of Andavar Nagar 3rd 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 seen several revisions, starting from Rs 697 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 804% since then.

What is the land classification for Andavar Nagar 3rd Street?

Andavar Nagar 3rd Street is classified as Residential Special Type - III under the Kodambakkam SRO.

What are the stamp duty and registration fees for Andavar Nagar 3rd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 63,00,000, with a stamp duty of Rs 4,41,000 and a registration fee of Rs 1,26,000, totaling Rs 5,67,000.

Where is the Sub Registrar Office for Andavar Nagar 3rd Street located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.