Guideline Value for Sri Andal Nagar

Sri Andal Nagar guideline value

The current guideline value of Sri Andal Nagar, located in Santhavellur_B village under the Sunguvarchattram SRO, is Rs 300 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 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 2017 revision, the guideline value for Sri Andal Nagar was Rs 201 per sq.ft. It remained unchanged at Rs 300 per sq.ft in the 2023 revision and continues at the same rate for the 2024 revision, reflecting a 49% increase from the 2017 figure to the 2023 figure. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there has been no change in the guideline value, maintaining the rate at Rs 300 per sq.ft. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value for Sri Andal Nagar.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Sri Andal Nagar's 2024 figure below that median.

• Siva Nagar: Rs 300 per sq.ft (2024)
• Srinivasa Nagar: Rs 300 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 501 per sq.ft (2024)
• Sri sastha nagar: Rs 1,045 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the 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?

The Sub Registrar Office that covers Sri Andal Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Santhavellur_B. It helps determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value serves as a benchmark for the transaction value. Buyers and sellers must ensure that the sale price is at least equal to the guideline value, as the stamp duty is calculated on the higher of the two values.

Frequently asked questions

What is the current guideline value of Sri Andal Nagar?

The current guideline value of Sri Andal Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Andal Nagar has remained at Rs 300 per sq.ft from 2023 to 2024, with a 49% increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

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 in Sri Andal Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Sri Andal Nagar?

The Sunguvarchattram Sub Registrar Office handles registrations for Sri Andal Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.