Guideline Value for ANBAZHAGAN STREET

Anbazhagan Street guideline value

The current guideline value of Anbazhagan Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village and falls under the Manavalanagar SRO, classified as Commercial Class I Type - III.

How the guideline value of Anbazhagan Street has changed

In the 2007 revision, the guideline value was set at Rs 150 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in the 2012 revision, marking a rise of 767%. However, from 2012 to 2017, the value decreased to Rs 871 per sq.ft, a drop of 33%. The value then rose to Rs 1,300 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision, resulting in a 49% increase from 2017 to 2023.

The register does not have figures for the years 2002 and 2003 for Anbazhagan Street. Overall, from 2007 to 2024, the guideline value has increased by 767%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that have a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft. The median value is Rs 1,000 per sq.ft, placing Anbazhagan Street's 2024 figure above this median.

• Amman Street: Rs 800 per sq.ft (2024)
• Alamelu Ammal Street: Rs 1,300 per sq.ft (2024)
• Alamelu Ammal Cross Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar Sellum Salai: Rs 1,300 per sq.ft (2024)
• Anna Street: Rs 1,300 per sq.ft (2024)
• Adhiyamaan Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anbazhagan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anbazhagan Street?

Anbazhagan Street is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Vengathur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property.

When registering a property, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anbazhagan Street?

The current guideline value of Anbazhagan Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in both 2012 and 2024, with a notable drop to Rs 871 per sq.ft in 2017.

What are the guideline values of other streets in Vengathur?

Other streets in Vengathur have varying guideline values, with rates ranging from Rs 800 to Rs 1,300 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Anbazhagan Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 1,17,000.

Which office handles registrations for Anbazhagan Street?

The registrations for Anbazhagan Street are handled by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.