Guideline Value for Andal Nagar

Andal Nagar guideline value

The current guideline value of Andal Nagar, located in Santhavellur_B village under the Sunguvarchattram SRO, is Rs 400 per sq.ft. This value is effective from the 2024 revision, which began on 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Andal Nagar has changed

In the 2017 revision, the guideline value for Andal Nagar was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, which also listed the value at Rs 400 per sq.ft. The most recent 2024 revision again maintained the guideline value at Rs 400 per sq.ft, resulting in a 49% increase from the 2017 figure to both the 2023 and 2024 figures.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. As a result, the guideline value has effectively increased by 49% from 2017 to 2024, with no change from 2023 to 2024.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is the same as the guideline value for Andal Nagar.

• Andal nagar Extension: Rs 500 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 700 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)
• Ambal Nagar: Rs 400 per sq.ft (2024)
• Anubav greenland: Rs 850 per sq.ft (2024)
• Abdul Rahim street II: Rs 700 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Andal Nagar?

The Sub Registrar Office that covers Andal Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Santhavellur_B. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to consider this value to ensure compliance with local regulations and to avoid any potential legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Andal Nagar?

The current guideline value of Andal Nagar is Rs 400 per sq.ft, effective from the 2024 revision starting 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 49% increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024. There were no changes in the guideline value from 2023 to 2024.

What is the land classification for Andal Nagar?

The land classification for Andal Nagar is Residential Special Type - III, which categorizes the area for specific residential purposes.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Andal Nagar located?

The Sub Registrar Office for Andal Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.