Guideline Value for Andal Avenue

Andal Avenue guideline value

The current guideline value of Andal Avenue in Thirumullaivoyal village is Rs 1,500 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class III Type - II.

How the guideline value of Andal Avenue has changed

In the 2012 revision, the guideline value for Andal Avenue was Rs 1,400 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,500 per sq.ft, reflecting a 7% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 7%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, making the guideline value of Andal Avenue below this median.

• Angallamman 4th Street: Rs 1,500 per sq.ft (2024)
• Angallamman 5th Street: Rs 1,200 per sq.ft (2024)
• Angallamman Street: Rs 1,500 per sq.ft (2024)
• Amman Nagar: Rs 1,500 per sq.ft (2024)
• Anna 1st and Cross Street (S.No.263/2): Rs 2,400 per sq.ft (2024)
• Anna 2nd and Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Avenue

For a plot of 1,000 sq.ft at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration would be Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Andal Avenue?

The Sub Registrar Office that covers Andal Avenue is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately according to government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Andal Avenue?

The current guideline value of Andal Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,400 per sq.ft from 2012 to 2023, before increasing to Rs 1,500 per sq.ft in 2024. Overall, there has been a 7% increase from 2012 to 2024.

What is the land classification of Andal Avenue?

Andal Avenue is classified as Residential Class III Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Andal Avenue?

The Sub Registrar Office for Andal Avenue is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at a rate of 7%.