Guideline Value for ANBU NAGAR

Anbu Nagar guideline value

The current guideline value of Anbu Nagar is Rs 1,100 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is located in Koladi village and falls under the Chennai South Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Anbu Nagar has changed

The guideline value for Anbu Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which then increased to Rs 1,000 per sq.ft in 2012. Following this, there was a decrease to Rs 670 per sq.ft in 2017, before rising again to Rs 1,000 per sq.ft in 2023. The current value of Rs 1,100 per sq.ft in 2024 reflects a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 450%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. Anbu Nagar's current guideline value aligns with this median.

• Anbu Nagar Main And Cross Streets: Rs 1,100 per sq.ft (2024)
• Anbu Nagar Main Road: Rs 1,100 per sq.ft (2024)
• Amman Nagar Nagar Extension 1st Cross: Rs 1,650 per sq.ft (2024)
• Amman Nagar Main Road 1,2 Cross: Rs 1,650 per sq.ft (2024)
• Amman Nagar Main Road: Rs 1,650 per sq.ft (2024)
• Amman Nagar Extension 3rd Cross: Rs 1,650 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anbu Nagar?

Anbu Nagar falls under the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Koladi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Anbu Nagar?

The current guideline value of Anbu Nagar is Rs 1,100 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting a significant increase over the years.

What are the other streets in Koladi with their guideline values?

Other streets in Koladi include Anbu Nagar Main And Cross Streets and Anbu Nagar Main Road, both valued at Rs 1,100 per sq.ft in 2024, along with several streets in Amman Nagar with higher values.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Anbu Nagar?

The Chennai South Joint II Sub Registrar Office handles registrations for Anbu Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.