Guideline Value for Andal Avenue 1st Street

Andal Avenue 1st Street guideline value

The current guideline value of Andal Avenue 1st Street in Peravallur village, under the Sembiam SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Andal Avenue 1st Street has changed

The guideline value for Andal Avenue 1st Street has seen several revisions over the years. Starting from Rs 325 per sq.ft in 2002, the value increased to Rs 376 per sq.ft in 2003, marking a change of +16%. The subsequent revision in 2007 saw a significant jump to Rs 700 per sq.ft, an increase of +86%. In 2012, the value rose to Rs 2,500 per sq.ft, reflecting a substantial increase of +257% from the previous revision. However, this was followed by a decrease to Rs 1,675 per sq.ft in 2017, which represented a decline of -33%. The guideline value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,700 per sq.ft in 2024, marking an increase of +8%.

Throughout these revisions, there have been no figures recorded for the years not mentioned in the register. The overall change from 2002 to 2024 is an increase of +731%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. The guideline value of Andal Avenue 1st Street is below this median.

• Andal Avenue 2nd Street: Rs 2,700 per sq.ft (2024)
• Andal Avenue: Rs 2,700 per sq.ft (2024)
• Andal Avenue 3rd Street: Rs 2,700 per sq.ft (2024)
• Annai Maniyammai Nagar: Rs 2,700 per sq.ft (2024)
• Annal Gandhi 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Annal Gandhi 1st Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Avenue 1st Street

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, totaling Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andal Avenue 1st Street?

The Sub Registrar Office that covers Andal Avenue 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Peravallur. It determines the amount of stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Andal Avenue 1st Street?

The current guideline value of Andal Avenue 1st Street 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 significantly from Rs 325 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, representing an overall increase of +731% over this period.

What is the stamp duty for property in Andal Avenue 1st Street?

The stamp duty for property in Andal Avenue 1st Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 1,89,000.

Where is the Sub Registrar Office for Andal Avenue 1st Street located?

The Sub Registrar Office for Andal Avenue 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is updated periodically to reflect changes in property values. It is used to calculate the stamp duty and registration fees during property transactions.