Guideline Value for ANBAZHAGAN STREET

Anbazhagan Street guideline value

The current guideline value of Anbazhagan Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Anbazhagan Street has changed

The guideline value for Anbazhagan Street has seen several revisions over the years. In 2002, the guideline value was Rs 353 per sq.ft. This increased to Rs 387 per sq.ft in 2003, marking a 10% change. The value then rose by 29% to Rs 500 per sq.ft in 2007. Following this, there was a significant increase of 300%, bringing the value to Rs 2,000 per sq.ft in 2012. However, the value decreased by 33% to Rs 1,340 per sq.ft in 2017. The value then increased by 49% to Rs 2,000 per sq.ft in 2023, and finally, it rose by 10% to reach the current value of Rs 2,200 per sq.ft in 2024.

There are no figures available for the revisions in years other than those mentioned above.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Anbazhagan Street's 2024 figure below that median.

• Anantha Velu Mudali Street: Rs 6,400 per sq.ft (2024)
• Anantha Velu Mudali 3rd Street: Rs 6,400 per sq.ft (2024)
• Anantha Velu Mudali 2nd Street: Rs 6,400 per sq.ft (2024)
• Anantha Velu Mudali 1st Street: Rs 6,400 per sq.ft (2024)
• Anantha Velu 1st Cross Street: Rs 6,400 per sq.ft (2024)
• Anantham Samajyam Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anbazhagan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees Rs 1,98,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Anbazhagan Street?

The Sub Registrar Office that covers Anbazhagan Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value must be considered, as it influences the overall cost of registration. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Anbazhagan Street?

The current guideline value of Anbazhagan Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 353 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting a significant overall increase of 523% over the years.

What is the registration office for Anbazhagan Street?

The registration office for Anbazhagan Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

What are the guideline values of other streets in Perambur?

Other streets in Perambur have varying guideline values, with rates ranging from Rs 1,600 to Rs 7,100 per sq.ft. Anbazhagan Street's value is below the median of Rs 2,700 per sq.ft for the area.