Guideline Value for ANDAVAR NAGAR 7TH STREET

Andavar Nagar 7th Street guideline value

The current guideline value of Andavar Nagar 7th 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 7th Street has changed

Since the 2002 revision, the guideline value has seen significant changes. 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 saw a substantial increase to Rs 5,800 per sq.ft in 2012, reflecting a 657% change from the 2003 figure. However, it dropped to Rs 3,886 per sq.ft in 2017, a decrease of 33% from the previous revision. The value rose again to Rs 5,800 per sq.ft in 2023, and finally reached Rs 6,300 per sq.ft in 2024, a 9% increase from the previous year.

It is noteworthy that there is no figure available in the register for the year 2007 for this street. Overall, from 2002 to 2024, the guideline value has increased by 804%.

Guideline values in Puliyur

In Puliyur, 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, indicating that Andavar Nagar 7th Street's 2024 figure is above this median.

• Andavar Nagar 6th Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 8th Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 5th Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 4th 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 7th 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 higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andavar Nagar 7th Street?

The Sub Registrar Office that covers Andavar Nagar 7th 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 crucial figure used during the registration of property transactions. It helps determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value acts as a benchmark for calculating the associated costs. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Andavar Nagar 7th Street?

The current guideline value of Andavar Nagar 7th 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 Rs 6,300 per sq.ft in 2024, marking an overall increase of 804% over the years.

What is the land classification of Andavar Nagar 7th Street?

Andavar Nagar 7th Street is classified as Residential Special Type - III under the Kodambakkam SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000 and the registration fee would be Rs 1,26,000, totaling Rs 5,67,000.

Where can I find the Sub Registrar Office for Andavar Nagar 7th Street?

The Sub Registrar Office for Andavar Nagar 7th Street is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.