Guideline Value for Sri Andal Co-op Nagar

Sri Andal Co-op Nagar guideline value

The current guideline value of Sri Andal Co-op Nagar is Rs 600 per sq.ft, effective from 1 July 2024. 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 has changed

The guideline value for Sri Andal Co-op Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 525 per sq.ft, which increased to Rs 600 per sq.ft in the 2012 revision. However, it then decreased to Rs 402 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 600 per sq.ft, and the current 2024 revision also holds the same rate of Rs 600 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while there was a decrease of 33% from 2012 to 2017. The value rose by 14% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 14%.

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 in this area is Rs 800 per sq.ft, making the current value of Sri Andal Co-op Nagar below the median.

• Sri Andal Co-op Nagar Extn, Part-II: 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

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, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Andal Co-op Nagar?

The Sub Registrar Office covering Sri Andal Co-op Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kavanur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs that need to be settled during the registration process. This ensures transparency and compliance with the legal requirements of property transactions.

Frequently asked questions

What is the current guideline value of Sri Andal Co-op Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft in both the 2023 and 2024 revisions. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012, showing fluctuations over the years.

What is the land classification of Sri Andal Co-op Nagar?

Sri Andal Co-op Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft would incur a total fee of Rs 54,000.