Guideline Value for Andal nagar Extension

Andal nagar Extension guideline value

The current guideline value of Andal nagar Extension is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Santhavellur village, under the Sunguvarchattram SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Andal nagar Extension has changed

The guideline value for Andal nagar Extension has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which remained unchanged in the 2023 revision. The 2024 revision brought the value to Rs 500 per sq.ft, reflecting a 49% increase from the 2017 figure. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2017 revision to the current 2024 revision is also a 49% increase, indicating a consistent value for the last two revisions.

Guideline values in Santhavellur

Santhavellur village has a total of 63 streets under the Sunguvarchattram SRO, with the 2024 guideline values ranging from Rs 200 to Rs 2,800 per sq.ft. The median guideline value is Rs 500 per sq.ft, which is equal to the current value of Andal nagar Extension.

• Andal Nagar: Rs 400 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 Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andal nagar Extension?

The Sub Registrar Office covering Andal nagar Extension is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, 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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Santhavellur, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is important for both buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. The guideline value helps in assessing the fair value of the property for taxation purposes.

Frequently asked questions

What is the current guideline value of Andal nagar Extension?

The current guideline value of Andal nagar Extension is Rs 500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased by 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2024. The value remained unchanged from 2023 to 2024.

What is the land classification for Andal nagar Extension?

The land classification for Andal nagar Extension is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Andal nagar Extension?

The Sub Registrar Office for Andal nagar Extension is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 500 per sq.ft would incur a total of Rs 45,000 in fees.