Guideline Value for Andal azhagar avenue phase - II

Andal azhagar avenue phase - II guideline value

The current guideline value of Andal azhagar avenue phase - II is Rs 250 per sq.ft. This property is located in Sirupinayoor, Thiruvanthavar, Perungazhi village, under the Salavakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Andal azhagar avenue phase - II has changed

According to the guideline value register, the revisions for Andal azhagar avenue phase - II show that there has been no change in the guideline value from the 2023 revision, which was also Rs 250 per sq.ft. The 2024 revision, effective from 1 July 2024, maintains this figure at Rs 250 per sq.ft, indicating a change of +0% from the previous year.

For earlier revisions, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002. This continuity in the guideline value reflects stability in the valuation for this street over the recent years.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In Sirupinayoor, Thiruvanthavar, Perungazhi, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,000 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value of Rs 250 per sq.ft for Andal azhagar avenue is above this median.

• Andal azhagar avenue: Rs 250 per sq.ft (2024)
• Ganesh Nagar: Rs 102 per sq.ft (2024)
• Jai Anjaneya Nagar: Rs 102 per sq.ft (2024)
• JV promoter's in PTC nagar: Rs 250 per sq.ft (2024)
• Krishna Brindavan: Rs 100 per sq.ft (2024)
• Krishna Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Andal azhagar avenue phase - II

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for detailed calculations.

Which Sub Registrar Office covers Andal azhagar avenue phase - II?

The Sub Registrar Office that covers Andal azhagar avenue phase - II is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value is a critical factor when registering property transactions in Sirupinayoor, Thiruvanthavar, Perungazhi. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the appropriate taxes are levied based on the property's assessed value.

When buying or selling property, the guideline value helps both parties understand the minimum value set by the government for taxation purposes. It is essential for buyers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Andal azhagar avenue phase - II?

The current guideline value of Andal azhagar avenue phase - II is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There has been no change in the guideline value from the 2023 revision to the 2024 revision, remaining at Rs 250 per sq.ft. The register has no figures for the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Andal azhagar avenue phase - II?

The land classification for Andal azhagar avenue phase - II is Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Andal azhagar avenue phase - II is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.