Guideline Value for Andalukuppam Karai Medu

Andalukuppam Karai Medu guideline value

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

How the guideline value of Andalukuppam Karai Medu has changed

The guideline value for Andalukuppam Karai Medu has undergone several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in the 2023 revision. The latest revision in 2024 has raised this figure to Rs 1,210 per sq.ft, marking a 10% increase from the previous year.

When looking at the changes over the years, the value rose by 49% from 2017 to 2023. Overall, from 2017 to 2024, the increase is 64%. It is important to note that the guideline register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are a total of 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 for Andalukuppam Karai Medu is below this median.

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

Stamp duty and registration fee for property in Andalukuppam Karai Medu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty is calculated at 7%, which totals Rs 84,700, while the registration fee is 2%, amounting to Rs 24,200. Together, these fees total 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 information on calculating fees.

Which Sub Registrar Office covers Andalukuppam Karai Medu?

The Sub Registrar Office that covers Andalukuppam Karai Medu is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more details, you can find your SRO.

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

The guideline value is a critical factor in property transactions in Kunrathour-B, as it determines the minimum value at which property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Andalukuppam Karai Medu?

The current guideline value of Andalukuppam Karai Medu 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, representing a total increase of 64% over this period.

What are the stamp duty and registration fees for property in this area?

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

Which Sub Registrar Office handles registrations for Andalukuppam Karai Medu?

The Kunrathur Sub Registrar Office handles registrations for Andalukuppam Karai Medu, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Andalukuppam Karai Medu?

Andalukuppam Karai Medu is classified as Residential Class I Type - I, indicating its suitability for residential development.