Guideline Value for Adhi Andhra Nagar

Adhi Andhra Nagar guideline value

The current guideline value of Adhi Andhra Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Adhi Andhra Nagar has changed

The guideline value for Adhi Andhra Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 900 per sq.ft. This value increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 178%. However, the value then dropped to Rs 1,675 per sq.ft in 2017, which was a decrease of 33%. The guideline value rose again to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,700 per sq.ft in 2024, an increase of 8% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 200%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft as of 2024. The median guideline value in this area is Rs 4,900 per sq.ft, indicating that the 2024 figure for Adhi Andhra Nagar is below this median.

• Ambedkar Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Amman Koil Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Anandan Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Ananda Vinayagar koil street & 1st, 2nd street: Rs 4,400 per sq.ft (2024)
• Ananda Vinayakar Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Anjugam Street, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Adhi Andhra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adhi Andhra Nagar?

The Sub Registrar Office that covers Adhi Andhra Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both parties must consider the guideline value as it influences the overall transaction cost. The registration authority uses this value to calculate the applicable fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Adhi Andhra Nagar?

The current guideline value of Adhi Andhra Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 200% over this period.

What is the land classification for Adhi Andhra Nagar?

Adhi Andhra Nagar is classified as Residential Class III Type - I according to the land classification guidelines.

What are the stamp duty rates for property in Adhi Andhra Nagar?

The stamp duty for property transactions in Adhi Andhra Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Adhi Andhra Nagar located?

The Sub Registrar Office covering Adhi Andhra Nagar is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.