Guideline Value for Andalkuppam (Pillayar Koil St)

Andalkuppam (Pillayar Koil St) guideline value

The current guideline value for Andalkuppam (Pillayar Koil St) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Mepur village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Andalkuppam (Pillayar Koil St) has changed

Since the 2012 revision, the guideline value for Andalkuppam (Pillayar Koil St) has seen various changes. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and further rose to Rs 770 per sq.ft in the 2024 revision, reflecting an increase of 10% from the previous year.

For the years where no figures are available, the register does not provide any guideline values for the years 2002, 2003, and 2007. The overall change from the 2012 revision to the current 2024 revision is an increase of 10%.

Guideline values in Mepur

In Mepur, there are 22 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,955 per sq.ft. The median guideline value is Rs 770 per sq.ft, which is the same as the current value for Andalkuppam (Pillayar Koil St).

• Chozhan Nagar: Rs 770 per sq.ft (2024)
• Dr Koushik Enclave: Rs 1,480 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 770 per sq.ft (2024)
• Golden City: Rs 770 per sq.ft (2024)
• Kasthuri Sriram Nagar: Rs 820 per sq.ft (2024)
• Madheena Garden: Rs 820 per sq.ft (2024)

Stamp duty and registration fee for property in Andalkuppam (Pillayar Koil St)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andalkuppam (Pillayar Koil St)?

The Sub Registrar Office that covers Andalkuppam (Pillayar Koil St) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mepur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the correct fees are applied based on either the guideline value or the sale price, whichever is higher. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Andalkuppam (Pillayar Koil St)?

The current guideline value for Andalkuppam (Pillayar Koil St) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Andalkuppam (Pillayar Koil St)?

The land classification for Andalkuppam (Pillayar Koil St) is Residential Class I Type - I.

Where can I find the registration office for Andalkuppam (Pillayar Koil St)?

The registration office for Andalkuppam (Pillayar Koil St) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Andalkuppam (Pillayar Koil St)?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 7,70,000 would incur a stamp duty of Rs 53,900 at 7%.