Guideline Value for Andal Nagar Andavar Nagar

Andal Nagar Andavar Nagar guideline value

The current guideline value of Andal Nagar Andavar Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Andal Nagar Andavar Nagar has changed

The guideline value for Andal Nagar Andavar Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which saw a significant increase to Rs 1,400 per sq.ft in 2012, marking an increase of 833%. However, this value decreased to Rs 938 per sq.ft in 2017, a drop of 33%. The next revision in 2023 set the value at Rs 1,400 per sq.ft, followed by the current rate of Rs 1,540 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 927%. The revisions for the years 2002 and 2003 do not have figures available for this street.

Guideline values in Thiruverkadu

In Thiruverkadu village, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the current guideline value of Andal Nagar Andavar Nagar.

• Anandham Nagar: Rs 1,430 per sq.ft (2024)
• Annai Abirami Nagar: Rs 1,540 per sq.ft (2024)
• Annai Abirami Nagar Main & Cross Road: Rs 1,540 per sq.ft (2024)
• Amman Koil Street: Rs 1,540 per sq.ft (2024)
• Amethyst Haven By Urban Tree: Rs 3,520 per sq.ft (2024)
• Ambal Nagar Main Road: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Nagar Andavar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Andal Nagar Andavar Nagar?

The Sub Registrar Office that covers Andal Nagar Andavar Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Thiruverkadu. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning for property transactions.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Andal Nagar Andavar Nagar?

The current guideline value of Andal Nagar Andavar Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 150 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 927% over the years.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 15,40,000. The stamp duty is Rs 1,07,800 at 7%, and the registration fee is Rs 30,800 at 2%, totaling Rs 1,38,600.

Which Sub Registrar Office should I visit for property registration?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, covers Andal Nagar Andavar Nagar for property registration.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is revised periodically to reflect changes in the real estate market.