Guideline Value for Sri Andal Nagar

Sri Andal Nagar guideline value

The current guideline value of Sri Andal Nagar in Rathinamangalam village, under the Gooduvancheri SRO, is Rs 700 per sq.ft. This value is based on the 2023 revision and falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Andal Nagar has changed

The guideline value for Sri Andal Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012, marking a 133% rise. However, this value remained unchanged in the subsequent revision in 2017, where it dropped to Rs 469 per sq.ft, a decrease of 33% from the previous value.

As of the 2023 revision, the guideline value is Rs 700 per sq.ft, reflecting a 49% increase from the 2017 figure. Overall, from 2007 to 2023, the guideline value has increased by 133%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures provided for Rathinamangalam. Sri Andal Nagar is the only street mentioned in the current context, and there are no other streets in Rathinamangalam under the Gooduvancheri SRO.

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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty, charged at 7%, would be Rs 49,000, while the registration fee at 2% would be Rs 14,000. Together, the total cost for these fees would be 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 further assistance.

Which Sub Registrar Office covers Sri Andal Nagar?

The Sub Registrar Office that covers Sri Andal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

When buying or selling property in Rathinamangalam, the guideline value serves as a reference point for calculating the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sri Andal Nagar?

The current guideline value of Sri Andal Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and returned to Rs 700 per sq.ft in 2023.

What is the stamp duty rate for properties in Sri Andal Nagar?

The stamp duty rate for properties in Sri Andal Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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

Are there any other streets in Rathinamangalam with guideline values?

Currently, there are no other streets in Rathinamangalam under the Gooduvancheri SRO mentioned in the available data.