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_C village under the Sunguvarchattram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Andal nagar Extension has changed

In the 2017 revision, the guideline value was set at Rs 335 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 500 per sq.ft. The 2024 revision has maintained the same value of Rs 500 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value, reflecting the stability in the recent revisions.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 350 per sq.ft, making the current value of Andal nagar Extension above that 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 would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur_C. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a benchmark for taxation purposes. Buyers should be aware that the stamp duty is calculated based on the higher value between the guideline value and the sale price, ensuring that the correct fees are paid during the registration process.

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 development.

Where can I find the Sunguvarchattram Sub Registrar Office?

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

How is the stamp duty calculated for properties in Andal nagar Extension?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at 7%.