Guideline Value for Andal nagar Extension

Andal nagar Extension guideline value

The current guideline value for Andal nagar Extension in Santhavellur_B village is Rs 500 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Class I Type - II.

How the guideline value of Andal nagar Extension has changed

Over the years, the guideline value for Andal nagar Extension has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 500 per sq.ft, which remains unchanged from the 2023 revision. Prior to this, the 2017 revision recorded a value of Rs 335 per sq.ft, marking a 49% increase from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2024, the overall change in guideline value is also +49%. The stability in the guideline value from 2023 to 2024 indicates no fluctuations during that period, while the significant increase from 2017 to 2023 reflects a notable adjustment in property valuation.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO with 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, placing the guideline value for Andal nagar Extension above this median.

• 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Andal nagar Extension?

The Andal nagar Extension is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. To find your specific SRO, you can visit this link.

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

The guideline value plays a crucial role during the registration process of property transactions in Santhavellur_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal and tax purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of ownership. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

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 has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 335 per sq.ft in 2017 to 2023.

What is the land classification for Andal nagar Extension?

Andal nagar Extension is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the registration fees for properties in this area?

The registration fees are calculated based on the guideline value, which for a 1,000 sq.ft plot at Rs 500 per sq.ft would amount to a total of Rs 45,000, including stamp duty and registration fees.

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

The Sub Registrar Office covering Andal nagar Extension is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone. You can find more information on how to locate your SRO through the provided link.