Guideline Value for ANDAVAR NAGAR 8TH STREET

Andavar Nagar 8th Street guideline value

The current guideline value of Andavar Nagar 8th 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 8th Street has changed

The guideline value for Andavar Nagar 8th Street has seen several revisions over the years. Starting from Rs 696 per sq.ft in 2002, it increased to Rs 765 per sq.ft in 2003, marking a 10% rise. The value then surged to Rs 5,800 per sq.ft in 2012, reflecting a significant increase of 658%. However, in 2017, the guideline value dropped to Rs 3,886 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the value at Rs 6,300 per sq.ft, representing a 62% increase from the previous revision in 2017.

It is important to note that there are no figures available for the years 2007 and 2023 in the register for this street.

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 guideline value for these streets is Rs 5,800 per sq.ft, positioning Andavar Nagar 8th Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Andavar Nagar 8th 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, while the registration fee at 2% would be Rs 1,26,000, bringing the total charges 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 8th Street?

The Sub Registrar Office that covers Andavar Nagar 8th 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 plays a crucial role in the property registration process in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue through stamp duty and registration fees. It is essential for both buyers and sellers to understand the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Andavar Nagar 8th Street?

The current guideline value of Andavar Nagar 8th 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 from Rs 696 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, reflecting an overall increase of 805% 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 in 2024 include Andavar Nagar 7th Street, Andavar Nagar 6th Street, Andavar Nagar 5th Street, Andavar Nagar 4th Street, Andavar Street, and Andavar Nagar 3rd Street.

What is the registration fee for properties in Andavar Nagar 8th Street?

The registration fee for properties in Andavar Nagar 8th Street is calculated at 2% of the guideline value. For a plot valued at Rs 63,00,000, the registration fee 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.