Guideline Value for SRI ANDAL ANAGAR EXTN

Sri Andal Anagar Extn guideline value

The current guideline value for Sri Andal Anagar Extn is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Andal Anagar Extn has changed

The guideline value for Sri Andal Anagar Extn has undergone several revisions over the years. In 2012, the value was set at Rs 700 per sq.ft. This remained unchanged until the next revision in 2017, where it dropped to Rs 469 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 700 per sq.ft. The most recent revision in 2024 has kept the value steady at Rs 700 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for Sri Andal Anagar Extn is below this median.

• Sri Andal Nagar: Rs 701 per sq.ft (2024)
• Sri Baba Nagar: Rs 701 per sq.ft (2024)
• Sri Balaji Nagar-I: Rs 1,000 per sq.ft (2024)
• Sri Balaji Nagar-II: Rs 1,000 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 1,100 per sq.ft (2024)
• Sri Bhavani Amman Nagar Extension -I: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Andal Anagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Andal Anagar Extn?

The Sri Andal Anagar Extn is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Karanaipuducheri. It is used to calculate the stamp duty and registration fees that need to be paid during the transfer of property ownership. Buyers and sellers must be aware of the guideline value, as it affects the overall cost of the transaction.

When purchasing property, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the area.

Frequently asked questions

What is the current guideline value of Sri Andal Anagar Extn?

The current guideline value of Sri Andal Anagar Extn is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft in 2012, 2023, and 2024. It dropped to Rs 469 per sq.ft in 2017 and increased by 49% from 2017 to 2023.

What is the median guideline value in Karanaipuducheri?

The median guideline value in Karanaipuducheri is Rs 802 per sq.ft, with values for various streets ranging from Rs 400 to Rs 2,239 per sq.ft as of 2024.

What are the stamp duty and registration fees for property in Sri Andal Anagar Extn?

The stamp duty for property in Sri Andal Anagar Extn is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 700 per sq.ft, the total fees would be Rs 63,000.

Which office handles registrations for Sri Andal Anagar Extn?

The Gooduvancheri Sub Registrar Office handles registrations for Sri Andal Anagar Extn, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.