Guideline Value for Andalkuppam Mayana Salai

Andalkuppam Mayana Salai guideline value

The current guideline value of Andalkuppam Mayana Salai is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Andalkuppam Mayana Salai has changed

The guideline value for Andalkuppam Mayana Salai has undergone several revisions since 2017. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in 2023, marking a significant rise of 49%. The most recent 2024 revision further increased the value to Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, indicating that the guideline value of Andalkuppam Mayana Salai is below this median.

• Andal Kuppam Main Road: Rs 1,540 per sq.ft (2024)
• Andalkuppam/Pillaiyar Koil St.,: Rs 1,210 per sq.ft (2024)
• Andalukuppam Karai Medu: Rs 1,210 per sq.ft (2024)
• Annababa Nagar: Rs 1,540 per sq.ft (2024)
• Ambal Nagar: Rs 1,210 per sq.ft (2024)
• Annai Therasa Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Andalkuppam Mayana Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees together to Rs 1,08,900. 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 detailed calculations.

Which Sub Registrar Office covers Andalkuppam Mayana Salai?

The Sub Registrar Office that covers Andalkuppam Mayana Salai is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For further assistance, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are proportionate to the property's assessed value.

When buying or selling property, the guideline value helps establish a fair price for the transaction, which is particularly important for legal documentation and taxation purposes. Buyers and sellers should be aware of the current guideline values to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Andalkuppam Mayana Salai?

The current guideline value of Andalkuppam Mayana Salai is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Kunrathour-B?

The median guideline value for streets in Kunrathour-B is Rs 1,540 per sq.ft, which is higher than the current value of Andalkuppam Mayana Salai.

What are the stamp duty and registration fees for a property in Andalkuppam Mayana Salai?

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Where can I find the Sub Registrar Office for Andalkuppam Mayana Salai?

The Sub Registrar Office for Andalkuppam Mayana Salai is located at No.59, Road Street, Kundrathur, Chennai -600 069.