Guideline Value for Andal Amman Avenue

Andal Amman Avenue guideline value

The current guideline value of Andal Amman Avenue is Rs 3,190 per sq.ft, effective from 1 July 2024. This street is located in Madanandapuram village under the Kunrathur SRO, and the land classification is Residential Special Type - III.

How the guideline value of Andal Amman Avenue has changed

The guideline value for Andal Amman Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,900 per sq.ft in 2012, marking a rise of 625%. However, from 2012 to 2017, the value decreased to Rs 1,943 per sq.ft, a decline of 33%. The value then increased to Rs 2,900 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 3,190 per sq.ft, a rise of 10%.

Overall, from 2007 to 2024, the guideline value has increased by 698%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madanandapuram

Madanandapuram has 94 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft, with a median value of Rs 3,520 per sq.ft. The guideline value of Andal Amman Avenue is below this median.

• Annai Velankanni Nagar: Rs 3,190 per sq.ft (2024)
• Annai Velankanni Nagar Phase I: Rs 3,190 per sq.ft (2024)
• A.V. Subramaniyam Nagar: Rs 3,190 per sq.ft (2024)
• Bajanai Koil Bangalow Street: Rs 3,190 per sq.ft (2024)
• Bajanai Koil Grama Natham: Rs 3,520 per sq.ft (2024)
• Bajanai Koil Mettu colony: Rs 3,190 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Amman Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value would be Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, bringing the total to Rs 2,87,100. 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 Andal Amman Avenue?

The Sub Registrar Office that covers Andal Amman Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Madanandapuram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to note that the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue based on the property's value as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Andal Amman Avenue?

The current guideline value of Andal Amman Avenue is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 3,190 per sq.ft in 2024, reflecting an overall increase of 698% over the years.

What is the land classification for Andal Amman Avenue?

The land classification for Andal Amman Avenue is Residential Special Type - III.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Tamil Nadu is typically 7% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.