Guideline Value for ANBULINGAM STREET

Anbulingam Street guideline value

The current guideline value of Anbulingam Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Anbulingam Street has changed

Since the 2012 revision, the guideline value for Anbulingam Street has remained stable at Rs 2,500 per sq.ft until the 2023 revision, which also recorded the same figure. However, in the 2024 revision, the value increased to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 regarding this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Anbulingam Street's 2024 figure below that median.

• Anantharam Street: Rs 3,520 per sq.ft (2024)
• Andavar Street: Rs 2,100 per sq.ft (2024)
• Anjaneyar Nagar: Rs 3,520 per sq.ft (2024)
• Amman Koil street: Rs 3,520 per sq.ft (2024)
• Ammani ammal Street: Rs 3,300 per sq.ft (2024)
• Annai Therasa Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anbulingam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anbulingam Street?

The Sub Registrar Office that covers Anbulingam Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anbulingam Street?

The current guideline value of Anbulingam Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2012 to 2023, and then increased to Rs 2,750 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification of Anbulingam Street?

Anbulingam Street is classified as Residential Class II Type - I under the current guidelines.

What are the stamp duty and registration fees for property on Anbulingam Street?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office for Anbulingam Street located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.