Guideline Value for ANBU NAGAR

Anbu Nagar guideline value

The current guideline value of Anbu Nagar, located in Vellanoor-1 village under the Avadi SRO, is Rs 555 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Anbu Nagar has changed

The guideline value for Anbu Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 555 per sq.ft, marking an increase of 11% from the previous year. Overall, from 2017 to 2024, this reflects a significant increase of 66%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Anbu Nagar in the register. The increase from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023 represents a 49% rise, indicating a steady growth in the guideline value over the years.

Guideline values in Vellanoor-1

In Vellanoor-1 village, there are 34 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft, with the median value being Rs 555 per sq.ft. Anbu Nagar's 2024 guideline value is equal to this median.

• Anbu Nagar Annexe: Rs 555 per sq.ft (2024)
• Anitha Nagar: Rs 555 per sq.ft (2024)
• Arch Anthony Nagar: Rs 555 per sq.ft (2024)
• Arubadai Nagar: Rs 440 per sq.ft (2024)
• Bharathi Nagar: Rs 555 per sq.ft (2024)
• Bhavani Nagar: Rs 555 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value would be Rs 5,55,000. The stamp duty at 7% would amount to Rs 38,850, and the registration fee at 2% would be Rs 11,100, bringing the total fees to Rs 49,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Nagar?

The Sub Registrar Office covering Anbu Nagar is 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 more information.

How the guideline value is used when you buy or sell in Vellanoor-1

The guideline value is a crucial factor during the registration of property transactions in Vellanoor-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Anbu Nagar?

The current guideline value of Anbu Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 555 per sq.ft in 2024, marking an overall increase of 66% over this period.

What are the stamp duty and registration fees for property in Anbu Nagar?

For a property valued at Rs 5,55,000, the stamp duty would be Rs 38,850 and the registration fee would be Rs 11,100, totaling Rs 49,950.

Which office handles property registrations in Anbu Nagar?

The Avadi Sub Registrar Office is responsible for handling property registrations in Anbu Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What types of properties fall under the guideline value classification?

Anbu Nagar is classified as Residential Class I Type - I, which indicates the type of properties that are evaluated under this guideline value.