Guideline Value for New Andal Nagar

New Andal Nagar guideline value

The current guideline value of New Andal Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Santhavellur_B village under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of New Andal Nagar has changed

In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The most recent revision in 2024 has maintained the same value of Rs 300 per sq.ft, resulting in a 49% increase from the 2017 figure to the 2024 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for New Andal Nagar. The guideline value has not changed from 2023 to 2024, indicating a stable valuation in this period.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing New Andal Nagar's 2024 figure below this median.

• Pallikooda Street: Rs 300 per sq.ft (2024)
• Mother Therasa Nagar: Rs 300 per sq.ft (2024)
• Moogambika Nagar: Rs 300 per sq.ft (2024)
• Mettu Street: Rs 850 per sq.ft (2024)
• Perumal Kovil Street: Rs 850 per sq.ft (2024)
• Maruthi Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in New Andal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers New Andal Nagar?

The Sub Registrar Office that covers New Andal Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the transaction is recorded at a fair value as per the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of New Andal Nagar?

The current guideline value of New Andal Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

Are there any years without a recorded guideline value for New Andal Nagar?

Yes, the register has no figures for New Andal Nagar for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Santhavellur_B?

The median guideline value for the streets in Santhavellur_B is Rs 400 per sq.ft, which is above the current value of New Andal Nagar.

Where can I find the Sub Registrar Office for New Andal Nagar?

The Sub Registrar Office for New Andal Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more information by visiting the provided link.