Guideline Value for ANBU NAGAR

Anbu Nagar guideline value

The current guideline value of Anbu Nagar is Rs 2,100 per sq.ft, effective from 1 July 2024. This area is located in Korattur village, under the jurisdiction of the Villivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Anbu Nagar has changed

The guideline value for Anbu Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 109 per sq.ft, which increased significantly to Rs 150 per sq.ft in 2007. This was a remarkable increase of 38%. The value then surged to Rs 2,000 per sq.ft in 2012, marking a substantial increase of 1233%. However, in 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a decline of 33%. The guideline value rose again to Rs 2,000 per sq.ft in 2023 and further increased to the current rate of Rs 2,100 per sq.ft in 2024, showing a 5% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1827%. It is important to note that the register has no figure for this street for the year 2003.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft, with a median value of Rs 2,500 per sq.ft. Anbu Nagar's 2024 guideline value is below this median.

• Andal Koil Street (Madanankuppam): Rs 1,600 per sq.ft (2024)
• Andal Nagar: Rs 1,300 per sq.ft (2024)
• Ananthalakshmi Nagar Extension: Rs 1,600 per sq.ft (2024)
• Ananthalakshmi Nagar: Rs 1,600 per sq.ft (2024)
• Anand Garden: Rs 1,600 per sq.ft (2024)
• Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam): Rs 1,600 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 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, leading to a total of Rs 1,89,000. 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 further assistance.

Which Sub Registrar Office covers Anbu Nagar?

The Sub Registrar Office that covers Anbu Nagar is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Korattur. It serves as a benchmark for calculating the stamp duty and registration fees that are applicable when buying or selling a property. This ensures that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is used to determine the minimum value on which the stamp duty is calculated. If the sale price of the property is higher than the guideline value, the stamp duty will be charged on the sale price instead.

Frequently asked questions

What is the current guideline value of Anbu Nagar?

The current guideline value of Anbu Nagar is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 109 per sq.ft in 2002 to Rs 2,100 per sq.ft in 2024, which is an overall increase of 1827%.

What is the land classification of Anbu Nagar?

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

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

The Sub Registrar Office for Anbu Nagar is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for property transactions in Anbu Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 at 7%.