Guideline Value for ANDAVAR STREET

Andavar Street guideline value

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

How the guideline value of Andavar Street has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the guideline value was Rs 750 per sq.ft, which increased to Rs 824 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 1,200 per sq.ft in 2007, showing a 46% increase. From 2007 to 2012, the value surged to Rs 5,800 per sq.ft, reflecting a remarkable 383% increase. The value remained unchanged at Rs 5,800 per sq.ft from 2012 to 2023. With the latest revision in 2024, the guideline value increased to Rs 6,300 per sq.ft, a 9% rise from the previous year.

It is important to note that there is no registered figure for Andavar Street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by 740%.

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. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Andavar Street's 2024 figure above that median.

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

Stamp duty and registration fee for property in Andavar Street

For a 1,000 sq.ft plot at the current rate of Rs 6,300 per sq.ft, the 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, making a total of 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Andavar Street?

The Sub Registrar Office that covers Andavar Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more details, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Andavar Street?

The current guideline value of Andavar 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 750 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, reflecting an overall increase of 740%.

What is the land classification for Andavar Street?

Andavar Street is classified as Residential Special Type - III, which is relevant for determining its guideline value and usage.

Where can I find the registration office for Andavar Street?

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

How is the stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 63,00,000 would incur a stamp duty of Rs 4,41,000 at 7%.