Guideline Value for Andal Avenue

Andal Avenue guideline value

The current guideline value of Andal Avenue, located in P.V.Kalathur A village under the Chengleput Joint I SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Andal Avenue has changed

In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The latest 2024 revision has maintained this value at Rs 300 per sq.ft, indicating a 0% change from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. The increase from 2017 to 2023 was also 49%, reflecting the same value in both years.

Guideline values in P.V.Kalathur A

In P.V.Kalathur A, there are 21 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 450 per sq.ft. The median value for these streets is Rs 402 per sq.ft, making the guideline value of Andal Avenue below this median.

• Arunanachala nagar: Rs 300 per sq.ft (2024)
• Desika Nagar: Rs 250 per sq.ft (2024)
• Dr.Savithiri Nagar: Rs 300 per sq.ft (2024)
• Gokaley Nagar: Rs 402 per sq.ft (2024)
• K.J.P. Nagar: Rs 402 per sq.ft (2024)
• Maruthi Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000. Together, the total cost for these fees would be Rs 27,000. 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 further assistance.

Which Sub Registrar Office covers Andal Avenue?

The Sub Registrar Office that covers Andal Avenue is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in P.V.Kalathur A

The guideline value is a crucial factor during the registration process of property transactions in P.V.Kalathur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transactions are conducted according to the legal framework.

When buying or selling property, the guideline value helps in assessing the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue through stamp duty and registration fees based on the established guideline values.

Frequently asked questions

What is the current guideline value of Andal Avenue?

The current guideline value of Andal Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017.

What is the land classification for Andal Avenue?

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

What are the stamp duty and registration fees for property in Andal Avenue?

For a property valued at Rs 3,00,000, the stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000.

Which office handles the registration for Andal Avenue?

The Chengleput Joint I Sub Registrar Office handles the registration for properties in Andal Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.