Guideline Value for Andal Nagar

Andal Nagar guideline value

The current guideline value of Andal Nagar, located in Pozhichalur village under the Pammal SRO, is Rs 1,320 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Andal Nagar has changed

The guideline value for Andal Nagar has seen significant changes over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 804 per sq.ft in the 2017 revision, marking a 101% rise. The value then rose to Rs 1,200 per sq.ft in the 2023 revision, showing a 49% increase from the previous revision. The current 2024 revision has further increased the guideline value to Rs 1,320 per sq.ft, reflecting a 10% rise from 2023.

There are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, the guideline value has increased by 230% from the 2007 revision to the 2024 revision.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with the median being Rs 1,320 per sq.ft. The guideline value for Andal Nagar aligns with this median.

• Anbazhagan Street: Rs 1,320 per sq.ft (2024)
• Anbazaghan Nagar: Rs 1,320 per sq.ft (2024)
• Anandhi Nagar M G R Street: Rs 2,200 per sq.ft (2024)
• Anandhi Nagar: Rs 2,200 per sq.ft (2024)
• Anna Highways: Rs 2,750 per sq.ft (2024)
• Annai Indra Gandhi 2nd Street: Rs 1,320 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, making the total cost of duty and registration Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Andal Nagar?

The Sub Registrar Office covering Andal Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pozhichalur

The guideline value is a crucial factor in property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that these costs can significantly impact the overall expense of the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees. This ensures that the government receives the correct revenue from property transactions, reflecting the value of the property as assessed by the registration department.

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?

Since the 2007 revision, the guideline value has increased from Rs 400 per sq.ft to Rs 1,320 per sq.ft in 2024, marking a total increase of 230% over the years.

Which Sub Registrar Office covers Andal Nagar?

The Pammal Sub Registrar Office covers Andal Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

What is the land classification for Andal Nagar?

The land classification for Andal Nagar is Residential Class I Type - II, indicating its use for residential purposes.