Guideline Value for Sri Karuvi Andavar Nagar

Sri Karuvi Andavar Nagar guideline value

The current guideline value of Sri Karuvi Andavar Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Sri Karuvi Andavar Nagar has changed

The guideline value for Sri Karuvi Andavar Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 113 per sq.ft, which increased to Rs 130 per sq.ft in 2003, marking a 15% rise. By 2007, the value saw a significant jump to Rs 200 per sq.ft, reflecting a 54% increase. The 2012 revision maintained the value at Rs 1,800 per sq.ft, and this figure remained unchanged until the 2023 revision, which also recorded Rs 1,800 per sq.ft.

The most recent revision in 2024 raised the guideline value to Rs 1,900 per sq.ft, representing a 6% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1581%. Notably, there are no figures available for the year 2017 in the register for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Sri Karuvi Andavar Nagar is below this median.

• Sri Krishna Garden(senthil nagar): Rs 2,700 per sq.ft (2024)
• Sri Kamalammal Garden(senthil nagar): Rs 2,700 per sq.ft (2024)
• Sri Kalikambal Nagar: Rs 1,900 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 1,300 per sq.ft (2024)
• Sri Duraiswamy Mudaliar Avenue Phase I & II: Rs 1,200 per sq.ft (2024)
• Sri Masilamani Eswarar Sannidhi Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Karuvi Andavar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Karuvi Andavar Nagar?

The Sub Registrar Office that covers Sri Karuvi Andavar Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value impacts the total cost involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can significantly affect the overall expenses incurred during the property transfer process.

Frequently asked questions

What is the current guideline value of Sri Karuvi Andavar Nagar?

The current guideline value of Sri Karuvi Andavar Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 113 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, showing an overall increase of 1581% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles property registrations for Sri Karuvi Andavar Nagar?

The Ambattur Sub Registrar Office handles property registrations for Sri Karuvi Andavar Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, impacting the stamp duty and registration fees payable during property transactions in Thirumullaivoyal.