Guideline Value for Sri Andal Co-op Nagar Extn, Part-II

Sri Andal Co-op Nagar Extn, Part-II guideline value

The current guideline value for Sri Andal Co-op Nagar Extn, Part-II is Rs 600 per sq.ft. This area is located in Kavanur village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Andal Co-op Nagar Extn, Part-II has changed

The guideline value for Sri Andal Co-op Nagar Extn, Part-II has undergone several revisions over the years. The earliest available figure is from 2007, with a value of Rs 525 per sq.ft. This was followed by a revision in 2012, which saw the value rise to Rs 600 per sq.ft. However, in 2017, the value dropped to Rs 402 per sq.ft, marking a decrease of 33%. The 2023 revision maintained the value at Rs 600 per sq.ft, and the latest revision in 2024 also holds this figure, reflecting no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has seen a net increase of 14%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing Sri Andal Co-op Nagar Extn, Part-II below this median value.

• Sri Andal Co-op Nagar: Rs 600 per sq.ft (2024)
• Sky Nagar: Rs 700 per sq.ft (2024)
• Sri Gopalakrishna Nagar: Rs 1,000 per sq.ft (2024)
• Sri Gopalakrishna Nagar Extension: Rs 1,000 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -I: Rs 800 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -III: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Andal Co-op Nagar Extn, Part-II

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Andal Co-op Nagar Extn, Part-II?

The Sub Registrar Office that covers Sri Andal Co-op Nagar Extn, Part-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kavanur. It serves as a reference for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This helps in establishing a fair transaction value, which is crucial for legal compliance and proper documentation.

Frequently asked questions

What is the current guideline value for Sri Andal Co-op Nagar Extn, Part-II?

The current guideline value for Sri Andal Co-op Nagar Extn, Part-II is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 600 per sq.ft in both 2023 and 2024. The value was Rs 402 per sq.ft in 2017, and Rs 525 per sq.ft in 2007.

What is the median guideline value in Kavanur?

The median guideline value for streets in Kavanur is Rs 800 per sq.ft. Sri Andal Co-op Nagar Extn, Part-II is below this median value at Rs 600 per sq.ft.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Sri Andal Co-op Nagar Extn, Part-II?

The Gooduvancheri Sub Registrar Office handles property registrations for Sri Andal Co-op Nagar Extn, Part-II. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.