Guideline Value for ANBU NAGAR

Anbu Nagar guideline value

The current guideline value of Anbu Nagar, located in Vellanoor-2 village under the Avadi SRO, is Rs 555 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Anbu Nagar has changed

The guideline value of Anbu Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 555 per sq.ft, which is an 11% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 66%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vellanoor-2

In Vellanoor-2, there are 31 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,800 per sq.ft. The median value for these streets is Rs 555 per sq.ft, which is the same as the guideline value for Anbu Nagar.

• Anbu Nagar Annexe: Rs 555 per sq.ft (2024)
• Anitha Nagar: Rs 555 per sq.ft (2024)
• Arubadai Nagar: Rs 440 per sq.ft (2024)
• Bhavani Nagar: Rs 555 per sq.ft (2024)
• Chelliyamman Nagar Phase - I: Rs 440 per sq.ft (2024)
• Gajalakshmi 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 essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anbu Nagar?

The Anbu Nagar area falls under 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 details.

How the guideline value is used when you buy or sell in Vellanoor-2

The guideline value plays a crucial role during property transactions in Vellanoor-2. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value ensures that the transaction is recorded accurately and fairly in the official registers. It serves as a benchmark for both buyers and sellers to understand the value of the property being transacted.

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% during this period.

What is the land classification for Anbu Nagar?

Anbu Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What is the stamp duty rate for properties in Anbu Nagar?

The stamp duty rate for properties in Anbu Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anbu Nagar?

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