Guideline Value for SRI ANDAL NAGAR

Sri Andal Nagar guideline value

The current guideline value of Sri Andal Nagar is Rs 300 per sq.ft, effective from the 2024 revision starting 1 July 2024. This area falls under Ullaur village and is classified as Residential Special Type - III, within the jurisdiction of the Walajabad SRO.

How the guideline value of Sri Andal Nagar has changed

Looking at the revisions over the years, the guideline value for Sri Andal Nagar has seen several changes. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, where it also stood at Rs 300 per sq.ft. The 2017 revision marked a significant increase to Rs 201 per sq.ft, reflecting a 49% increase from the previous value. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2012 to 2024, the overall change is 0%, indicating stability in the guideline value during this period. The current value of Rs 300 per sq.ft remains consistent from 2023 to 2024, showing no percentage change.

Guideline values in Ullaur

In addition to Sri Andal Nagar, the guideline values for other streets in Ullaur under the Walajabad SRO include:

• G G Garden: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri 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 is charged at 7%, which comes to Rs 21,000, and the registration fee is 2%, amounting to Rs 6,000. Therefore, the total charges together would be Rs 27,000. It is important to note that 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 Sri Andal Nagar?

Sri Andal Nagar is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ullaur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Andal Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from both the 2023 and 2012 revisions. It was Rs 201 per sq.ft in 2017, reflecting a significant increase during that period.

What is the land classification for Sri Andal Nagar?

Sri Andal Nagar is classified as Residential Special Type - III, which indicates its designated use for residential purposes.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, in the Chengalpattu registration zone.

How is stamp duty calculated in Sri Andal Nagar?

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