Guideline Value for ANDIMUTHAN STREET

Andimuthan Street guideline value

The current guideline value of Andimuthan Street in Chinnakavanam village is Rs 300 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Andimuthan Street has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure saw a decrease in the 2017 revision to Rs 134 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 300 per sq.ft, reflecting a rise of 124%. The 2023 revision maintained the same guideline value of Rs 300 per sq.ft, with no change to report for the 2024 revision.

Overall, comparing the 2012 figure to the current 2024 value, there has been an increase of 50%. The register has no figures for the years 2002, 2003, and 2007 regarding this street.

Guideline values in Chinnakavanam

In Chinnakavanam village, there are 28 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is the same as the guideline value for Andimuthan Street.

• Ambedkar Street: Rs 300 per sq.ft (2024)
• Anna Nagar: Rs 300 per sq.ft (2024)
• Achisolai Street: Rs 300 per sq.ft (2024)
• Burma Nagar: Rs 300 per sq.ft (2024)
• G.L.S. Nagar: Rs 300 per sq.ft (2024)
• Jayamani Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Andimuthan Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value totals Rs 3,00,000. The stamp duty, charged at 7%, amounts to Rs 21,000, while the registration fee at 2% is Rs 6,000. Together, the total cost for these fees is Rs 27,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andimuthan Street?

The Sub Registrar Office that covers Andimuthan Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chinnakavanam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both parties are aware of the minimum value at which the property can be registered.

When a property is sold, the guideline value helps in determining the official sale price for registration purposes. Buyers and sellers must consider this value to understand the financial implications of the transaction, including the fees that will be incurred during the registration process.

Frequently asked questions

What is the current guideline value of Andimuthan Street?

The current guideline value of Andimuthan Street is Rs 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 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023 and remained the same for 2024.

What is the land classification of Andimuthan Street?

Andimuthan Street is classified as Residential Class II Type - I under the Ponneri Sub Registrar Office.

What are the stamp duty and registration fees for property in Andimuthan Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

Which office handles the registration for Andimuthan Street?

The Ponneri Sub Registrar Office handles the registration for Andimuthan Street, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.