Guideline Value for Andal Street

Andal Street guideline value

The current guideline value of Andal Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Andal Street has changed

The guideline value for Andal Street has seen several revisions over the years. In the 2012 revision, the value was Rs 2,700 per sq.ft, which decreased to Rs 1,809 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,700 per sq.ft in the 2023 revision, and finally to Rs 2,900 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 7%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the guideline value of Andal Street above this median.

• Ananthapuram 1st Street: Rs 2,900 per sq.ft (2024)
• Ananthapuram: Rs 2,900 per sq.ft (2024)
• Anjaneyar Koil Street: Rs 2,900 per sq.ft (2024)
• Annadurai Street: Rs 950 per sq.ft (2024)
• Anandapuram M.G.R Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Jagajeevanram Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total fees to Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Andal Street?

The Sub Registrar Office that covers Andal Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Andal Street?

The current guideline value of Andal Street is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2012 to Rs 1,809 per sq.ft in 2017, then increased to Rs 2,700 per sq.ft in 2023, and finally reached Rs 2,900 per sq.ft in 2024.

What is the land classification for Andal Street?

The land classification for Andal Street is Residential Special Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for properties on Andal Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,61,000.

Where is the Sub Registrar Office for Andal Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.