Guideline Value for ANBAZHAGAN STREET

Anbazhagan Street guideline value

The current guideline value of Anbazhagan Street in Manali village is Rs 1,550 per sq.ft, effective from the 2024 revision. This street falls under the Thiruvottiyur SRO and is classified as Mixed Type - III.

How the guideline value of Anbazhagan Street has changed

The guideline value for Anbazhagan Street has undergone several revisions since 2002. In 2002, the guideline value was Rs 160 per sq.ft. It increased to Rs 183 per sq.ft in 2003, marking a 14% rise. The value saw a significant jump to Rs 400 per sq.ft in 2007, which was a 119% increase. By 2012, the value rose to Rs 1,400 per sq.ft, reflecting a 250% increase. However, in 2017, it dropped to Rs 938 per sq.ft, a decrease of 33%. The value then increased to Rs 1,400 per sq.ft in 2023, and currently stands at Rs 1,550 per sq.ft from the 2024 revision, representing an 11% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 869%. There are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,200 per sq.ft, placing Anbazhagan Street's 2024 figure above that median.

• Anna Salai / 1st Street & 2nd Street: Rs 1,550 per sq.ft (2024)
• Anna Street: Rs 1,500 per sq.ft (2024)
• Aamullai Voyal Street: Rs 1,200 per sq.ft (2024)
• Aringnar Anna Nagar / Cross Street: Rs 1,200 per sq.ft (2024)
• Balaraman Street: Rs 1,500 per sq.ft (2024)
• Bharathidasan Street: Rs 1,500 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 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would amount to Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, totaling Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anbazhagan Street?

Anbazhagan Street is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Manali. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees applicable during the transaction.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value, contributing to local development and infrastructure.

Frequently asked questions

What is the current guideline value of Anbazhagan Street?

The current guideline value of Anbazhagan Street is Rs 1,550 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 160 per sq.ft to Rs 1,550 per sq.ft in 2024, showing an overall increase of 869%.

What is the land classification of Anbazhagan Street?

Anbazhagan Street is classified as Mixed Type - III under the land classification system.

Where can I find the registration office for Anbazhagan Street?

The registration office covering Anbazhagan Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Anbazhagan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a total stamp duty of Rs 1,08,500.