Guideline Value for Andiappan Street

Andiappan Street guideline value

The current guideline value of Andiappan Street is Rs 1,600 per sq.ft. This street is located in Tondaiarpet village, under the Royapuram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Andiappan Street has changed

Over the years, the guideline value of Andiappan Street has seen several revisions. The oldest recorded revision is from 2007, where the guideline value was Rs 700 per sq.ft. This increased to Rs 1,500 per sq.ft in 2012, marking a significant rise of 114%. However, the value then decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 1,500 per sq.ft, which then increased to Rs 1,600 per sq.ft in the 2024 revision, reflecting a 7% rise.

The changes between the revisions indicate a 49% increase from 2017 to 2023 and an overall increase of 129% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, which is equal to the current value of Andiappan Street.

• Anandanayagi Nagar Cross Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 3rd Cross Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Andiappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total fees Rs 1,44,000. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andiappan Street?

The Sub Registrar Office that covers Andiappan Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum price at which property transactions can be registered. Buyers and sellers should be aware that the guideline value is used to calculate the stamp duty and registration fees associated with the transaction.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate taxes are collected, reflecting the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Andiappan Street?

The current guideline value of Andiappan Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 129% over this period.

What are the other streets in Tondaiarpet with their guideline values?

Other streets in Tondaiarpet include Anandanayagi Nagar Cross Street, Anandanayagi Nagar 6th Street, Anandanayagi Nagar 5th Street, Anandanayagi Nagar 4th Street, Anandanayagi Nagar 3rd Street, and Anandanayagi Nagar 3rd Cross Street, all valued at Rs 1,300 per sq.ft in 2024.

What is the registration office for Andiappan Street?

The registration office for Andiappan Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Tondaiarpet?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the correct amount of tax is applied during the registration process.