Guideline Value for Andal Nagr III Cross Street

Andal Nagr III Cross Street guideline value

The current guideline value of Andal Nagr III Cross Street is Rs 3,100 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Andal Nagr III Cross Street has changed

The guideline value for Andal Nagr III Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,100 per sq.ft, which is an increase from Rs 2,800 per sq.ft in 2023, marking an 11% rise. Prior to that, in 2017, the value was Rs 1,876 per sq.ft, reflecting a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 2,800 per sq.ft, which was a decrease of 33% from the 2017 revision.

Overall, when comparing the 2012 revision to the 2024 revision, there has been a total increase of 11%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that have a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,100 per sq.ft, which is the same as the guideline value for Andal Nagr III Cross Street.

• Andal Nagr II Cross Street: Rs 3,100 per sq.ft (2024)
• Andal Nagr I Cross Street: Rs 3,100 per sq.ft (2024)
• Andavar Nagar 1 to 3 Street: Rs 3,100 per sq.ft (2024)
• Andavar Nagar Main Road: Rs 3,100 per sq.ft (2024)
• Andavar Street / Nagar: Rs 3,100 per sq.ft (2024)
• Aneez Nagar: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Nagr III Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 3,100 per sq.ft, the guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, totaling Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andal Nagr III Cross Street?

The Sub Registrar Office that covers Andal Nagr III Cross Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated accurately based on the property's value.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Andal Nagr III Cross Street?

The current guideline value of Andal Nagr III Cross Street is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2023 to Rs 3,100 per sq.ft in 2024, an increase of 11%. It was Rs 1,876 per sq.ft in 2017 and Rs 2,800 per sq.ft in 2012.

What is the land classification for Andal Nagr III Cross Street?

The land classification for Andal Nagr III Cross Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Andal Nagr III Cross Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 31,00,000, the total fees would amount to Rs 2,79,000.