Guideline Value for ANDAVAR NAGAR 6TH STREET

Andavar Nagar 6th Street guideline value

The current guideline value of Andavar Nagar 6th Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - III.

How the guideline value of Andavar Nagar 6th Street has changed

The guideline value for Andavar Nagar 6th Street has seen significant changes 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 then experienced a substantial increase of 657% to reach Rs 5,800 per sq.ft in 2012. However, it dropped by 33% to Rs 3,886 per sq.ft in 2017. Following this, the value rose by 49% to Rs 5,800 per sq.ft in 2023, and further increased by 9% to the current rate of Rs 6,300 per sq.ft in 2024.

It is important to note that there is no figure available for Andavar Nagar 6th 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 guideline value for 2024, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, which means that Andavar Nagar 6th Street's 2024 figure is above this median.

• Andavar Nagar 5th Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 7th Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 4th Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 8th Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 3rd Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 2nd Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Andavar Nagar 6th 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 fees to Rs 5,67,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andavar Nagar 6th Street?

The Sub Registrar Office that covers Andavar Nagar 6th 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 a critical factor in the registration process for property transactions in Puliyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value as it can influence the overall costs involved in the transaction. Buyers should ensure they are informed about the current rates to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Andavar Nagar 6th Street?

The current guideline value of Andavar Nagar 6th 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 changed significantly from Rs 697 per sq.ft in 2002 to the current Rs 6,300 per sq.ft in 2024, reflecting an overall increase of 804% over the years.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, which is below the current rate for Andavar Nagar 6th Street.

What are the stamp duty and registration fees for property in Andavar Nagar 6th Street?

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

Which office handles registrations for Andavar Nagar 6th Street?

The Kodambakkam Sub Registrar Office handles registrations for Andavar Nagar 6th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.