Guideline Value for ANBU PRIYAL NAGAR

Anbu Priyal Nagar guideline value

The current guideline value of Anbu Priyal Nagar is Rs 401 per sq.ft, effective from 1 July 2024. This area is located in Pukkathurai village under the Madurandakam SRO, with a land classification of Mixed Type - I.

How the guideline value of Anbu Priyal Nagar has changed

The guideline value for Anbu Priyal Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased to Rs 400 per sq.ft in the 2023 revision, and finally, it stands at Rs 401 per sq.ft as per the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a significant increase of 49%, while the change from the 2012 revision to the 2017 revision saw a decrease of 33%. Overall, comparing the 2012 revision to the current 2024 revision, the guideline value has remained stable, showing no change.

Guideline values in Pukkathurai

Pukkathurai village has a total of 8 streets under the Madurandakam SRO that have a guideline value for 2024, ranging from Rs 301 to Rs 750 per sq.ft. The guideline value for Anbu Priyal Nagar is equal to the median value of Rs 401 per sq.ft. Below are the guideline values for other streets in Pukkathurai:

• Kurinji Nagar: Rs 301 per sq.ft (2024)
• Rpg Global City: Rs 301 per sq.ft (2024)
• Rpg Metro City: Rs 401 per sq.ft (2024)
• S.V.T.Nagar: Rs 401 per sq.ft (2024)
• Teachers Lalith Nagar: Rs 401 per sq.ft (2024)
• Sameera Meridian Phase-I: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Priyal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value amounts to Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, bringing the total cost for these fees to Rs 36,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anbu Priyal Nagar?

The Sub Registrar Office that covers Anbu Priyal Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Pukkathurai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which aids in transparency and compliance with local regulations. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anbu Priyal Nagar?

The current guideline value of Anbu Priyal Nagar is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 401 per sq.ft in 2024, showing no percentage increase. From 2012 to 2017, it decreased to Rs 268 per sq.ft, then increased significantly to Rs 400 per sq.ft in 2023.

What is the registration fee for property in Anbu Priyal Nagar?

The registration fee for property in Anbu Priyal Nagar is calculated at 2% of the guideline value. For example, for a property valued at Rs 4,01,000, the registration fee would be Rs 8,020.

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

The Sub Registrar Office for Anbu Priyal Nagar is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the guideline value used during property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It ensures that the transaction is recorded accurately and complies with local regulations.