Guideline Value for Andiyappan Street

Andiyappan Street guideline value

The current guideline value of Andiyappan Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Andiyappan Street has changed

The guideline value for Andiyappan Street has seen several revisions over the years. In the 2002 revision, the value was Rs 394 per sq.ft, which increased to Rs 427 per sq.ft in 2003. The value then rose significantly to Rs 800 per sq.ft in 2007, followed by a substantial jump to Rs 1,800 per sq.ft in 2012. However, it decreased to Rs 1,206 per sq.ft in 2017. From 2017 to 2023, the value increased to Rs 1,800 per sq.ft, and in the latest 2024 revision, it stands at Rs 1,900 per sq.ft.

Overall, the changes in the guideline value from 2002 to 2024 reflect an increase of 382%. Notably, there are no years in the register with missing figures for this street.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO with a 2024 guideline value range from Rs 1,700 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Andiyappan Street's 2024 figure below that median.

• Anbazhagan Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 6th Main Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 6th Cross Street: Rs 1,900 per sq.ft (2024)
• Anbazhagan Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 5th Main Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 5th Cross Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Andiyappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making the total Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Andiyappan Street?

The Sub Registrar Office that covers Andiyappan Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration process of property transactions in Sembiam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

When buying or selling property, the guideline value is essential for both parties to understand the financial obligations involved. It helps in establishing a fair transaction price and ensures that all legal requirements are met during the registration process.

Frequently asked questions

What is the current guideline value of Andiyappan Street?

The current guideline value of Andiyappan Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 394 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 382% over the years.

What is the median guideline value for streets in Sembiam?

The median guideline value for streets in Sembiam is Rs 2,700 per sq.ft, with Andiyappan Street's 2024 figure being below this median.

What are the stamp duty and registration fees for properties in Andiyappan Street?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles the registration for Andiyappan Street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011, handles the registration for Andiyappan Street.