Guideline Value for Sri Andal Nagar

Sri Andal Nagar guideline value

The current guideline value of Sri Andal Nagar, located in Santhavellur village under the Sunguvarchattram SRO, is Rs 305 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Andal Nagar has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft, representing a decline of 33%. The value then increased significantly to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 305 per sq.ft, which is a 2% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 2%.

Guideline values in Santhavellur

Santhavellur village comprises 63 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 2,800 per sq.ft. The median guideline value for the village is Rs 500 per sq.ft, placing Sri Andal Nagar's 2024 figure below this median.

• Siva Nagar: Rs 300 per sq.ft (2024)
• Srinivasa Nagar: Rs 305 per sq.ft (2024)
• Sri ramanujar nagar: Rs 600 per sq.ft (2024)
• SelvaVinayagar Kovil Street: Rs 300 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 1,000 per sq.ft (2024)
• Sri sastha nagar: Rs 1,046 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 305 per sq.ft, the total guideline value amounts to Rs 3,05,000. The stamp duty at 7% would be Rs 21,350, and the registration fee at 2% would be Rs 6,100, bringing the total cost for these fees to Rs 27,450. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Andal Nagar?

The Sub Registrar Office that covers Sri Andal Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Santhavellur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Andal Nagar?

The current guideline value of Sri Andal Nagar is Rs 305 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase from Rs 300 per sq.ft in 2023 to Rs 305 per sq.ft in 2024, marking a 2% rise. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What is the land classification for Sri Andal Nagar?

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

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs total fees of Rs 27,450.

Where can I find the Sub Registrar Office for Sri Andal Nagar?

The Sub Registrar Office for Sri Andal Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find more information by visiting the find your SRO page.