Guideline Value for ANDAVAR NAGAR 4TH STREET

Andavar Nagar 4th Street guideline value

The current guideline value of Andavar Nagar 4th 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 4th Street has changed

Since the 2002 revision, the guideline value for Andavar Nagar 4th Street has seen significant changes. In 2002, the guideline value was Rs 697 per sq.ft, which increased to Rs 766 per sq.ft in 2003, marking a 10% rise. The next recorded revision was in 2012, where the value was Rs 5,800 per sq.ft, reflecting a substantial increase of 657% from 2003. However, this value decreased by 33% to Rs 3,886 per sq.ft in 2017. The 2023 revision then saw a rise to Rs 5,800 per sq.ft, a 49% increase from 2017, followed by the current guideline value of Rs 6,300 per sq.ft in 2024, which is a 9% increase from the previous year.

It is important to note that there is no figure available for the year 2007 in the register for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft as of 2024. The median guideline value is Rs 5,800 per sq.ft, and the 2024 guideline value for Andavar Nagar 4th Street is 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 3rd 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 4th Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total fees together to 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 detailed calculations.

Which Sub Registrar Office covers Andavar Nagar 4th Street?

The Sub Registrar Office that covers Andavar Nagar 4th 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 during the registration of property transactions in Puliyur. When a property is sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated based on the established value of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the total cost involved in property transactions. This value provides a benchmark for the minimum price at which properties are registered, thus playing a significant role in the buying and selling process.

Frequently asked questions

What is the current guideline value for Andavar Nagar 4th Street?

The current guideline value for Andavar Nagar 4th 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 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 similar guideline values?

Other streets in Puliyur, such as Andavar Nagar 1st, 2nd, 3rd, 5th, 6th, and 7th Streets, also have a guideline value of Rs 6,300 per sq.ft as of 2024.

What fees are associated with buying property in Andavar Nagar 4th Street?

When buying property in Andavar Nagar 4th Street, the buyer should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

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