Guideline Value for ANBALAGAN ST

Anbalagan St guideline value

The current guideline value of Anbalagan St in Vilingiyambakkam village, under the Avadi SRO, is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Anbalagan St has changed

The guideline value for Anbalagan St has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 850 per sq.ft. This was followed by a decrease to Rs 569 per sq.ft in 2017. In 2023, the value increased to Rs 850 per sq.ft, and in the latest 2024 revision, it rose to Rs 935 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the most significant change occurred from 2017 to 2023, with an increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is the same as the current figure for Anbalagan St.

• Anbalagan 4th Cross St: Rs 935 per sq.ft (2024)
• Anbalagan 3rd Cross St: Rs 935 per sq.ft (2024)
• Anbalagan 2nd Cross St: Rs 935 per sq.ft (2024)
• Anbalagan 1st St: Rs 935 per sq.ft (2024)
• Anbalagan 1st Cross St: Rs 935 per sq.ft (2024)
• Anbar Street: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Anbalagan St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbalagan St?

Anbalagan St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When selling a property, the guideline value helps ensure that the transaction is recorded at a fair value, as it reflects the government’s assessment of property values in the area. Buyers should be aware of the guideline value to understand the potential costs associated with their property transactions.

Frequently asked questions

What is the current guideline value of Anbalagan St?

The current guideline value of Anbalagan St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Anbalagan St?

Anbalagan St is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

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

The Avadi Sub Registrar Office covers Anbalagan St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Anbalagan St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,35,000, the stamp duty at 7% would be Rs 65,450.