Guideline Value for Andavar Street

Andavar Street guideline value

The current guideline value of Andavar Street, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 2,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Andavar Street has changed

The guideline value for Andavar Street has seen several revisions over the years. In 2003, the guideline value was Rs 181 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a rise of 231%. The value then jumped to Rs 2,000 per sq.ft in 2012, reflecting a remarkable increase of 233%. However, it decreased by 33% to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,100 per sq.ft, a 5% increase.

It is important to note that there is no figure available for Andavar Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 1060%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Andavar Street's 2024 figure below that median.

• Anbulingam Street: Rs 2,750 per sq.ft (2024)
• Anjaneyar Nagar: Rs 3,520 per sq.ft (2024)
• Anantharam Street: Rs 3,520 per sq.ft (2024)
• Annai Therasa Nagar: Rs 3,300 per sq.ft (2024)
• Amman Koil street: Rs 3,520 per sq.ft (2024)
• Ammani ammal Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Andavar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, and the registration fee at 2% would be Rs 42,000. Together, the total cost for stamp duty and registration would be Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andavar Street?

The Sub Registrar Office that covers Andavar Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the higher of the guideline value and the actual sale price is considered for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Andavar Street?

The current guideline value of Andavar Street is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 181 per sq.ft in 2003 to Rs 2,100 per sq.ft in 2024, reflecting an overall increase of 1060% over the years.

What are the stamp duty and registration fees for Andavar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 21,00,000. The stamp duty is Rs 1,47,000 and the registration fee is Rs 42,000, totaling Rs 1,89,000.

Which Sub Registrar Office covers Andavar Street?

The Pallavaram Sub Registrar Office covers Andavar Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Andavar Street?

The land classification for Andavar Street is Residential Class IV Type - I, indicating its suitability for residential purposes.