Guideline Value for Angala Eswari Street

Angala Eswari Street guideline value

The current guideline value of Angala Eswari Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sekkadu village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Angala Eswari Street has changed

The guideline value for Angala Eswari Street has undergone several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 1,200 per sq.ft in 2023, and then it was revised to Rs 1,320 per sq.ft in 2024. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, while it increased by 49% from 2017 to 2023. The latest revision from 2023 to 2024 shows a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft. The median value is Rs 1,320 per sq.ft, which is equal to the 2024 guideline value of Angala Eswari Street.

• Angalamman Koil Street Kudiyiruppu: Rs 1,320 per sq.ft (2024)
• Anna Nagar: Rs 930 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,320 per sq.ft (2024)
• Balakumaran Nagar: Rs 1,075 per sq.ft (2024)
• C.S.I. School Street: Rs 1,320 per sq.ft (2024)
• Defence Colony: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Angala Eswari Street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. 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 Angala Eswari Street?

The Sub Registrar Office that covers Angala Eswari Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Sekkadu. It is used to determine the stamp duty and registration fees that buyers must pay, ensuring that the transaction is recorded at a value that reflects the official rates set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value for which the property can be registered. This ensures transparency and compliance with local regulations, as the fees are based on this established value.

Frequently asked questions

What is the current guideline value of Angala Eswari Street?

The current guideline value of Angala Eswari Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Angala Eswari Street?

The land classification for Angala Eswari Street is Residential Class II Type - I.

What is the registration office for Angala Eswari Street?

The registration office for Angala Eswari Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for property in Angala Eswari Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,320 per sq.ft would incur a total stamp duty and registration fee of Rs 1,18,800.