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Guideline Value

Corporate

Guideline Value for Andal Avenue 2nd Street

₹2700/sq.ft.

The guideline value for Andal Avenue 2nd Street in Peravallur village (Sembiam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹376 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹325 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Andal Avenue 2nd Street

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Andal Avenue 2nd Street guideline value

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

How the guideline value of Andal Avenue 2nd Street has changed

The guideline value for Andal Avenue 2nd Street has undergone several revisions over the years. In 2002, the guideline value was Rs 325 per sq.ft. This increased to Rs 376 per sq.ft in 2003, marking a change of +16%. The value then saw a significant rise to Rs 700 per sq.ft in 2007, which was an increase of +86%. Following this, in 2012, the guideline value was Rs 2,500 per sq.ft, reflecting a substantial increase of +257% from the previous revision.

From 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, which was a decline of -33%. However, the guideline value rebounded to Rs 2,500 per sq.ft in 2023, showing an increase of +49%. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, representing an increase of +8% from the previous year. There are no figures available for the revisions in the years not listed.

Guideline values in Peravallur

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

Stamp duty and registration fee for property in Andal Avenue 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be 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 to 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 2nd Street?

The Sub Registrar Office that covers Andal Avenue 2nd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Peravallur. It determines 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, the guideline value is referenced to calculate the applicable duties. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Andal Avenue 2nd Street?

The current guideline value of Andal Avenue 2nd 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 from Rs 325 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +731% over the years.

What is the registration office for Andal Avenue 2nd Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Andal Avenue 2nd Street.

How is stamp duty calculated for properties on this street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.

What other streets in Peravallur have the same guideline value?

Several other streets in Peravallur have the same guideline value of Rs 2,700 per sq.ft for 2024, including Andal Avenue 1st Street, Andal Avenue 3rd Street, and Annai Maniyammai Nagar.