Guideline Value for Andavar Nagar

Andavar Nagar guideline value

The current guideline value of Andavar Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This locality is situated in Baraniputjur village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Andavar Nagar has changed

The guideline value for Andavar Nagar has seen several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in 2012. However, this was followed by a decrease to Rs 737 per sq.ft in 2017. The value then rose to Rs 1,100 per sq.ft in 2023 before reaching the current figure of Rs 1,210 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

Notably, the changes between revisions show a 340% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 384%.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, which is equal to the guideline value of Andavar Nagar.

• A.N.E Avenue: Rs 1,500 per sq.ft (2024)
• Amman Nagar: Rs 1,450 per sq.ft (2024)
• A.D.L.Nagar: Rs 1,210 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,210 per sq.ft (2024)
• Baraniputhur Main Road: Rs 1,450 per sq.ft (2024)
• Ellaiyamman koil Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Andavar Nagar

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, totaling 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 details.

Which Sub Registrar Office covers Andavar Nagar?

The Sub Registrar Office that covers Andavar Nagar 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 Baraniputjur

The guideline value plays a crucial role in the registration process when buying or selling property in Baraniputjur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When registering a property, it is essential to consider the guideline value, as it ensures compliance with local regulations. This value is set by the government and reflects the minimum price at which transactions can be registered in the area.

Frequently asked questions

What is the current guideline value of Andavar Nagar?

The current guideline value of Andavar Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 384% over this period.

What is the registration office for Andavar Nagar?

The registration office for Andavar Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated in Andavar Nagar?

Stamp duty in Andavar Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 84,700.

What are the other streets in Baraniputjur with guideline values?

Other streets in Baraniputjur with guideline values include A.N.E Avenue at Rs 1,500 per sq.ft, Amman Nagar at Rs 1,450 per sq.ft, and several others, with values ranging from Rs 700 to Rs 2,500 per sq.ft.