Guideline Value for ANBALAGAR NAGAR

Anbalagar Nagar guideline value

The current guideline value for Anbalagar Nagar in Pallikaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Anbalagar Nagar has changed

The guideline value for Anbalagar Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 71 per sq.ft, which increased to Rs 100 per sq.ft in 2003, marking a 41% rise. Following this, the value surged to Rs 400 per sq.ft in 2007, reflecting a significant increase of 300%. The next revision in 2012 brought the value to Rs 1,200 per sq.ft, which was a 200% increase from the previous figure. However, this value dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. The guideline value then rose to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,320 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1759%. The register has no figures for the years between these revisions for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Anbalagar Nagar's 2024 guideline value below this median.

• Amsavalli Street (Somu Nagar): Rs 2,750 per sq.ft (2024)
• Amman Koil Salai: Rs 1,320 per sq.ft (2024)
• Angalamman Koil Street: Rs 1,110 per sq.ft (2024)
• Angala Parameswari Nagar: Rs 1,320 per sq.ft (2024)
• Angel Nagar: Rs 1,320 per sq.ft (2024)
• Ambethkar Nagar Nehru 3rd Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Anbalagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty, charged at 7%, would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbalagar Nagar?

Anbalagar Nagar is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the sale or purchase of property.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value for Anbalagar Nagar?

The current guideline value for Anbalagar Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several revisions, rising from Rs 71 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, an overall increase of 1759%.

What is the land classification for Anbalagar Nagar?

Anbalagar Nagar is classified as Residential Class IV Type - II, indicating its suitability for residential development.

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

The Sub Registrar Office covering Anbalagar Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Anbalagar Nagar?

Stamp duty for properties in Anbalagar Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would be Rs 92,400 based on the current guideline value.