Guideline Value for Andal Nagar - All streets

Andal Nagar - All streets guideline value

The current guideline value for Andal Nagar - All streets is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Andal Nagar - All streets has changed

The guideline value for this street has seen several revisions over the years. In 2012, the value was Rs 3,500 per sq.ft. This figure decreased to Rs 2,345 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 3,500 per sq.ft. The most recent revision in 2024 has set the value at Rs 3,900 per sq.ft, reflecting an 11% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 11% from 2012 to 2024.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Andal Nagar - All streets.

• Andal Nagar Extension: Rs 3,900 per sq.ft (2024)
• Amman Koil Street (Vanuvampet): Rs 3,900 per sq.ft (2024)
• Amman Koil Street Lane: Rs 3,900 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 3,900 per sq.ft (2024)
• Amaravathi Street: Rs 3,900 per sq.ft (2024)
• Alikan Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Nagar - All streets

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty, charged at 7%, would amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000. Together, these fees would total Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Andal Nagar - All streets?

The Sub Registrar Office that covers Andal Nagar - All streets is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Adambakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in maintaining transparency in property transactions and ensures that the correct amount of duty is collected based on the property's value.

Frequently asked questions

What is the current guideline value of Andal Nagar - All streets?

The current guideline value of Andal Nagar - All streets is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

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

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles property registration for Andal Nagar?

The Alandur Sub Registrar Office handles property registration for Andal Nagar - All streets, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees payable during property transactions, ensuring transparency and accuracy in the registration process.