Guideline Value for ANBALAGAN NAGAR

Anbalagan Nagar guideline value

The current guideline value of Anbalagan Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Minjur village, under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Anbalagan Nagar has changed

The guideline value for Anbalagan Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in 2023. The most recent 2024 revision has raised this figure to Rs 440 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no registered figures for Anbalagan Nagar for the years 2002, 2003, 2007, and 2012. This means that the first recorded value for this street is from the 2017 revision.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, indicating that Anbalagan Nagar's 2024 figure is below that median.

• Andal Nagar: Rs 440 per sq.ft (2024)
• Annai Abhirami Nagar: Rs 440 per sq.ft (2024)
• Annai Street: Rs 440 per sq.ft (2024)
• Adi Dravidar Colony: Rs 550 per sq.ft (2024)
• Anna Street: Rs 550 per sq.ft (2024)
• Anvitha Reddy Avenue: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Anbalagan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbalagan Nagar?

Anbalagan Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is advisable to check the latest guideline values before proceeding with any property transactions.

Frequently asked questions

What is the current guideline value of Anbalagan Nagar?

The current guideline value of Anbalagan Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and now to Rs 440 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What are the other streets in Minjur with the same guideline value?

Other streets in Minjur with the same guideline value of Rs 440 per sq.ft in 2024 include Andal Nagar, Annai Abhirami Nagar, Annai Street, and Anvitha Reddy Avenue.

What is the stamp duty rate in Anbalagan Nagar?

The stamp duty rate for property transactions in Anbalagan Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anbalagan Nagar?

The Sub Registrar Office covering Anbalagan Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.