Guideline Value for ANDHAVAR ST

Andhavar St guideline value

The current guideline value for Andhavar St in Paruthipattu village is Rs 950 per sq.ft, effective from the 2024 revision. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Andhavar St has changed

Over the years, the guideline value of Andhavar St has seen several revisions. The earliest recorded value was in 2012 at Rs 900 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 603 per sq.ft. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then to Rs 950 per sq.ft in the 2024 revision, marking a 6% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value rose by 49%, while the overall change from 2012 to 2024 reflects a modest increase of 6%. The fluctuations indicate a varied history of values, with significant increases in recent years.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for Andhavar St is below this median.

• Anbu Nagar Srinivasa Nagar Extn: Rs 950 per sq.ft (2024)
• Annai Mariya 2nd Avenue: Rs 950 per sq.ft (2024)
• Annai Nagar: Rs 950 per sq.ft (2024)
• Ambedkar St: Rs 950 per sq.ft (2024)
• Annamalai Nagar 1st St: Rs 950 per sq.ft (2024)
• Annamalai Nagar 2nd St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Andhavar St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees to Rs 85,500. It is important to note that the 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 Andhavar St?

The Andhavar St falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Andhavar St?

The current guideline value of Andhavar St is Rs 950 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 in 2012 to Rs 603 in 2017, then increased to Rs 900 in 2023, and finally to Rs 950 in 2024.

What is the land classification for Andhavar St?

Andhavar St is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Andhavar St?

The Avadi Sub Registrar Office covers Andhavar St and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 950 per sq.ft would incur a total fee of Rs 85,500.