Guideline Value for Anbalagan Nagar Putru Koil Street

Anbalagan Nagar Putru Koil Street guideline value

The current guideline value for Anbalagan Nagar Putru Koil Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of Anbalagan Nagar Putru Koil Street has changed

The guideline value for Anbalagan Nagar Putru Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,500 per sq.ft. In 2017, the value decreased to Rs 1,675 per sq.ft, marking a decline of 33%. The 2023 revision saw an increase to Rs 2,500 per sq.ft, followed by a further rise to Rs 2,800 per sq.ft in 2024, reflecting a 12% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median guideline value is Rs 2,800 per sq.ft, which is equal to the 2024 figure for Anbalagan Nagar Putru Koil Street.

• Anbalagan Nagar Sathya Street: Rs 2,800 per sq.ft (2024)
• Agasthiyar Street: Rs 2,800 per sq.ft (2024)
• Anna Street: Rs 2,800 per sq.ft (2024)
• Arangannal Street: Rs 2,800 per sq.ft (2024)
• Avvai Street: Rs 2,800 per sq.ft (2024)
• Bharathi Nagar Bhavani Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anbalagan Nagar Putru Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbalagan Nagar Putru Koil Street?

The Sub Registrar Office that covers Anbalagan Nagar Putru Koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in Tharamani.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is documented at a value recognized by the government. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value for Anbalagan Nagar Putru Koil Street?

The current guideline value for Anbalagan Nagar Putru Koil Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for Anbalagan Nagar Putru Koil Street?

Anbalagan Nagar Putru Koil Street is classified as Residential Class II Type - I.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone.

How is stamp duty calculated for properties in Tharamani?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property with a guideline value of Rs 28,00,000, the stamp duty would be Rs 1,96,000 at 7%.