Guideline Value for Andiappa Naicker street

Andiappa Naicker street guideline value

The current guideline value of Andiappa Naicker street is Rs 4,800 per sq.ft. This street is located in Vepery village under the Periamet SRO, classified as Residential Class II Type - II.

How the guideline value of Andiappa Naicker street has changed

The guideline value of Andiappa Naicker street has seen several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 275%. However, it then dropped to Rs 3,015 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision brought it back up to Rs 4,500 per sq.ft, followed by the current 2024 revision, which set the value at Rs 4,800 per sq.ft, reflecting a 7% increase.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value is Rs 4,800 per sq.ft, which is the same as the current guideline value for Andiappa Naicker street.

• Anantha Krishna Iyer Street: Rs 4,800 per sq.ft (2024)
• Anaikara Street: Rs 4,800 per sq.ft (2024)
• Alathur Subramania Achary Street: Rs 4,800 per sq.ft (2024)
• Appa rao Garden: Rs 8,800 per sq.ft (2024)
• Arani Muthaiya Mudali Street: Rs 4,800 per sq.ft (2024)
• Arimuthu Maistry street: Rs 4,800 per sq.ft (2024)

Stamp duty and registration fee for property in Andiappa Naicker street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,800 per sq.ft, the total guideline value amounts to Rs 48,00,000. The stamp duty at 7% would be Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, totaling Rs 4,32,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andiappa Naicker street?

The Sub Registrar Office that covers Andiappa Naicker street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vepery. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers should be aware that the guideline value is used to calculate these fees, ensuring transparency in property transactions.

When registering a property, the guideline value helps to establish a fair price for the property based on its location and classification. This ensures that both buyers and sellers are aware of the financial implications of the transaction, as the fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Andiappa Naicker street?

The current guideline value of Andiappa Naicker street is Rs 4,800 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,800 per sq.ft in 2024, showing an overall increase of 300% over the years.

What is the stamp duty rate for properties on Andiappa Naicker street?

The stamp duty rate for properties on Andiappa Naicker street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Andiappa Naicker street located?

The Sub Registrar Office for Andiappa Naicker street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification of Andiappa Naicker street?

Andiappa Naicker street is classified as Residential Class II Type - II.