Guideline Value for Andal Nagar

Andal Nagar guideline value

The current guideline value of Andal Nagar, located in Melamaiyur village, is Rs 1,212 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Mixed Type - I land.

How the guideline value of Andal Nagar has changed

The guideline value for Andal Nagar has seen several revisions over the years. In 2007, the value was set at Rs 340 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in 2012. However, this figure dropped to Rs 737 per sq.ft in the 2017 revision. The 2023 revision saw a rise to Rs 1,100 per sq.ft, followed by a further increase to Rs 1,212 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

Between the revisions, notable changes include a 224% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 256%.

Guideline values in Melamaiyur

In Melamaiyur, there are 37 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,000 per sq.ft. The median value is Rs 1,212 per sq.ft, which is the same as the current guideline value for Andal Nagar.

• ANNAI PADMAVATHY NAGAR Phase -I,II,III,IV&Extension: Rs 1,212 per sq.ft (2024)
• Ammaiyappar Nagar: Rs 1,322 per sq.ft (2024)
• Akshaya Nagar: Rs 1,322 per sq.ft (2024)
• Arutperum Jyothi Nagar: Rs 825 per sq.ft (2024)
• Aasiriyar nagar: Rs 1,100 per sq.ft (2024)
• Bhavani Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,212 per sq.ft, the total guideline value amounts to Rs 12,12,000. The stamp duty at 7% would be Rs 84,840, and the registration fee at 2% would be Rs 24,240, bringing the total to Rs 1,09,080. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andal Nagar?

The Sub Registrar Office that covers Andal Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property transactions in Melamaiyur, as it determines the minimum price at which a property can be sold or registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Andal Nagar?

The current guideline value of Andal Nagar is Rs 1,212 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 340 per sq.ft in 2007 to Rs 1,212 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification of Andal Nagar?

Andal Nagar is classified as Mixed Type - I land, which indicates its varied use potential.

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

The Sub Registrar Office for Andal Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 12,12,000 would incur a stamp duty of Rs 84,840 and a registration fee of Rs 24,240.