Guideline Value for Andavar Street

Andavar Street guideline value

The current guideline value of Andavar Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Andavar Street has changed

The guideline value for Andavar Street has seen several revisions over the years. In 2012, the value was set at Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in 2017. The value experienced a significant increase of 49% from 2017 to 2023, rising to Rs 1,600 per sq.ft. The most recent revision in 2024 has established the guideline value at Rs 1,700 per sq.ft, reflecting a 6% increase from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007 for Andavar Street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in the village is Rs 1,300 per sq.ft, placing Andavar Street's 2024 figure above this median.

• Andavar 1st cross street: Rs 1,700 per sq.ft (2024)
• Angalamman street: Rs 1,700 per sq.ft (2024)
• Ananoor Railway Station 1st Cross street (Santhosh nagar): Rs 880 per sq.ft (2024)
• Anna Cross Street (Sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• Amirthananda Mayi street (maruthiram nagar): Rs 1,100 per sq.ft (2024)
• Ambigai Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Andavar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the 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 Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ayappakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price. This means that if the sale price exceeds the guideline value, the stamp duty will be calculated on the sale price instead.

Frequently asked questions

What is the current guideline value of Andavar Street?

The current guideline value of Andavar Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Andavar Street has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification of Andavar Street?

Andavar Street is classified as Residential Special Type - II.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

How is stamp duty calculated in Ayappakkam?

Stamp duty in Ayappakkam is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the correct fees are paid during the registration process.