Guideline Value for Sri Andal Nagar

Sri Andal Nagar guideline value

The current guideline value of Sri Andal Nagar, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 701 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Sri Andal Nagar has changed

The guideline value for Sri Andal Nagar has undergone several revisions over the years. The earliest recorded value was Rs 210 per sq.ft in 2007, which increased significantly to Rs 700 per sq.ft in 2012. However, it saw a decrease to Rs 469 per sq.ft in 2017. The value then rose to Rs 700 per sq.ft in 2023, and currently stands at Rs 701 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2007 to 2012 was a remarkable 233%, but the value decreased by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 234%.

Guideline values in Karanaipuducheri

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

• Sri Andal Anagar Extn: Rs 700 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 Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value would be Rs 7,01,000. The stamp duty at 7% would amount to Rs 49,070, and the registration fee at 2% would be Rs 14,020, bringing the total cost to Rs 63,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Andal Nagar?

Sri Andal Nagar falls under the jurisdiction of 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 is a crucial factor in the registration process when buying or selling property in Karanaipuducheri. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is documented at a legally recognized value.

When a property is sold, the guideline value helps in assessing the transaction's legitimacy and aids in preventing undervaluation. This ensures that both the buyer and seller are aware of the official value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Sri Andal Nagar?

The current guideline value of Sri Andal Nagar is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 210 per sq.ft in 2007 to Rs 701 per sq.ft in 2024, with various increases and decreases in between. The most significant increase was from 2007 to 2012, which saw a rise of 233%.

What is the land classification for Sri Andal Nagar?

Sri Andal Nagar is classified as Residential Special Type - II, indicating its designation for residential purposes.

Where can I find the Gooduvancheri Sub Registrar Office?

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

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 49,070.