Guideline Value for Sri Andal Nagar

Sri Andal Nagar guideline value

The current guideline value of Sri Andal Nagar, located in Santhavellur_C village under the Sunguvarchattram SRO, is Rs 300 per sq.ft. This value is effective from the 2024 revision, which commenced 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

The guideline value for Sri Andal Nagar has seen several revisions over the years. The most recent revisions are as follows: in 2017, the value was Rs 201 per sq.ft; this remained unchanged at Rs 300 per sq.ft in the 2023 revision and the 2024 revision. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. There has been no change from 2023 to 2024, maintaining the value at Rs 300 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Santhavellur_C

In Santhavellur_C village, there are 52 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 350 per sq.ft, placing Sri Andal Nagar's 2024 figure below this 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 1,000 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 amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It's 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 covering Sri Andal Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, 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_C

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur_C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a buyer or seller approaches the Sub Registrar Office, the guideline value is referenced to ensure that the appropriate fees are calculated based on the higher of the guideline value or the sale price. This helps maintain transparency and standardization in property transactions.

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 much has the guideline value changed over the years?

The guideline value has increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both the 2023 and 2024 revisions, with no changes between 2023 and 2024.

What is the median guideline value in Santhavellur_C?

The median guideline value for the 52 streets in Santhavellur_C is Rs 350 per sq.ft, with Sri Andal Nagar's 2024 figure being below this median.

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.

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.