Guideline Value for Andal Ammal Street

Andal Ammal Street guideline value

The current guideline value of Andal Ammal Street is Rs 3,100 per sq.ft. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Andal Ammal Street has changed

In the 2012 revision, the guideline value was Rs 2,800 per sq.ft. This figure remained the same until the 2017 revision, which saw a decrease to Rs 1,876 per sq.ft, reflecting a change of -33%. The value then increased significantly to Rs 2,800 per sq.ft in the 2023 revision, and further rose to Rs 3,100 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value is Rs 3,100 per sq.ft, which is equal to the guideline value of Andal Ammal Street.

• Andal Nagar: Rs 3,100 per sq.ft (2024)
• Andal Nagr I Cross Street: Rs 3,100 per sq.ft (2024)
• Andal Nagr II Cross Street: Rs 3,100 per sq.ft (2024)
• Andal Nagr III Cross Street: Rs 3,100 per sq.ft (2024)
• Andavar Nagar 1 to 3 Street: Rs 3,100 per sq.ft (2024)
• Andavar Nagar Main Road: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Ammal Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 31,00,000. The stamp duty at 7% amounts to Rs 2,17,000, and the registration fee at 2% is Rs 62,000, totaling Rs 2,79,000. 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 Andal Ammal Street?

The Sub Registrar Office that covers Andal Ammal Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This ensures that the transaction is recorded accurately and complies with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Andal Ammal Street?

The current guideline value of Andal Ammal Street is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then back to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,100 per sq.ft in 2024.

What is the land classification of Andal Ammal Street?

Andal Ammal Street is classified as Residential Class II Type - I under the Chennai South Joint II SRO.

Where can I find the registration office for Andal Ammal Street?

The registration office for Andal Ammal Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Andal Ammal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 31,00,000, the stamp duty at 7% would be Rs 2,17,000.