Guideline Value for ANBU STREET

Anbu Street guideline value

The current guideline value of Anbu Street in Ekkaduthangal village is Rs 3,080 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Anbu Street has changed

The guideline value for Anbu Street has seen significant changes over the years. In 2002, the value was Rs 397 per sq.ft, which increased to Rs 458 per sq.ft in 2003. Following this, the value rose sharply to Rs 1,100 per sq.ft in 2007, marking an increase of 140%. The value continued to rise, reaching Rs 2,800 per sq.ft in 2012, a substantial increase of 155% from the previous revision. However, it then decreased to Rs 1,876 per sq.ft in 2017, reflecting a decline of 33%. The guideline value further increased to Rs 2,800 per sq.ft in 2023 before reaching the current value of Rs 3,080 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 676%. The register has no figures for the years between the revisions listed.

Guideline values in Ekkaduthangal

Ekkaduthangal village has a total of 190 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,080 to Rs 8,800 per sq.ft in 2024. The median guideline value in this area is Rs 4,620 per sq.ft, making Anbu Street's current value below that median.

• Ambal Nagar Main Road: Rs 8,250 per sq.ft (2024)
• Ambal Nagar 2nd Street: Rs 5,500 per sq.ft (2024)
• Ambal Nagar 1st Street: Rs 5,500 per sq.ft (2024)
• Agathiar Street: Rs 4,620 per sq.ft (2024)
• Adisan Nagar: Rs 4,620 per sq.ft (2024)
• Achuthan Nagar 6th Cross St: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,080 per sq.ft, the total guideline value amounts to Rs 30,80,000. The stamp duty at 7% would be Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, bringing the total fees to Rs 2,77,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Street?

Anbu Street is covered by the Chennai South Joint I 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 Ekkaduthangal

The guideline value plays a crucial role during property registration in Ekkaduthangal. It is used to calculate the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is determined by the government and reflects the minimum value at which a property can be registered.

When engaging in property transactions, it is essential to be aware of the guideline value as it impacts the overall costs involved in the registration process. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Anbu Street?

The current guideline value of Anbu Street is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 397 per sq.ft in 2002 to Rs 3,080 per sq.ft in 2024, representing an overall increase of 676% over the years.

What is the registration office for Anbu Street?

Anbu Street falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

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

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,77,200, which includes a stamp duty of Rs 2,15,600 and a registration fee of Rs 61,600.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It reflects the minimum value at which a property can be registered, impacting the overall costs involved in buying or selling a property.