Guideline Value for ANBAR STREET

Anbar Street guideline value

The current guideline value of Anbar Street in Vilingiyambakkam village, under the Avadi SRO, is Rs 1,310 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Anbar Street has changed

The guideline value for Anbar Street has seen several revisions over the years. In 2003, the value was Rs 120 per sq.ft, which increased to Rs 250 per sq.ft in 2007. The value then rose significantly to Rs 1,200 per sq.ft in 2012, before dropping to Rs 804 per sq.ft in 2017. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,310 per sq.ft as of the 2024 revision.

Between revisions, notable changes include a 9% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. The value saw a remarkable increase of 380% from 2007 to 2012 and a 108% increase from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 992%. The register has no figure for Anbar Street for the year 2002.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Anbar Street's 2024 figure above this median.

• Anbalagan St: Rs 935 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Anbar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,310 per sq.ft, the guideline value amounts to Rs 13,10,000. The stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, totaling Rs 1,17,900. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anbar Street?

Anbar Street 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 further assistance.

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

The guideline value is a crucial factor during property registration in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the sale price is appropriately reflected in official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that all transactions are conducted transparently and in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Anbar Street?

The current guideline value of Anbar Street is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2003 to Rs 1,310 per sq.ft in 2024, reflecting an overall increase of 992% over this period.

What is the median guideline value in Vilingiyambakkam?

The median guideline value in Vilingiyambakkam is Rs 935 per sq.ft, with Anbar Street's current value being above this median.

What are the stamp duty and registration fees for properties on Anbar Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 1,17,900 based on the current guideline value of Rs 1,310 per sq.ft.

Where can I find the Sub Registrar Office for Anbar Street?

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