Guideline Value for Andal Nagar

Andal Nagar guideline value

The current guideline value of Andal Nagar, located in Mannivakkam village under the Gooduvancheri SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Andal Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,320 per sq.ft in the 2024 revision, reflecting a rise of 10%.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 330 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,215 per sq.ft, making the guideline value of Andal Nagar higher than the median.

• Amman Nagar: Rs 990 per sq.ft (2024)
• Ambethkar Street: Rs 770 per sq.ft (2024)
• Anna Street: Rs 990 per sq.ft (2024)
• A.L.S. Garden: Rs 1,320 per sq.ft (2024)
• As Avenue: Rs 330 per sq.ft (2024)
• Ashtalakhmi Nagar: Rs 990 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andal Nagar?

The Sub Registrar Office covering Andal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Mannivakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of registration.

When buying or selling property, it is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the transaction reflects the true value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Andal Nagar?

The current guideline value of Andal Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has varied over the years, with a decrease in 2017 to Rs 804 per sq.ft, followed by increases to Rs 1,200 in 2023 and Rs 1,320 in 2024.

What is the land classification for Andal Nagar?

Andal Nagar is classified as Residential Special Type - III, which influences its guideline value and usage.

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

The Gooduvancheri Sub Registrar Office covers Andal Nagar and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Andal Nagar?

Stamp duty for properties in Andal Nagar is calculated based on the higher of the guideline value or the sale price. For example, at the current guideline value, the stamp duty would be 7% of the guideline value.