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_C village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of New Andal Nagar has changed

The guideline value for New Andal Nagar has seen several revisions over the years. In the 2017 revision, the value was Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which continued to list the value at Rs 300 per sq.ft. The current 2024 revision also maintains the guideline value at 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 figures available for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions that reflect changes in the guideline value are from 2017 to 2024, showing a consistent value from 2023 to 2024 with no percentage change.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 350 per sq.ft, indicating that the guideline value for New Andal Nagar is below this median.

• Mother Therasa Nagar: Rs 300 per sq.ft (2024)
• Moogambika Nagar: Rs 300 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Maruthi Avenue: Rs 700 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 200 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, leading to a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers New Andal Nagar?

The Sub Registrar Office covering New Andal Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Santhavellur_C. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered alongside the sale price, with the higher of the two being used to calculate the applicable fees. This ensures that the registration process is transparent and standardized across the region.

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 remained at Rs 300 per sq.ft from 2023 to 2024, showing no change. However, it has increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024.

What is the land classification for New Andal Nagar?

New Andal Nagar is classified as Residential Class I Type - I. This classification is important for determining the appropriate uses and regulations for the land.

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

The Sub Registrar Office for New Andal Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in New Andal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.