Guideline Value for Anbalagan Nagar Sathya Street

Anbalagan Nagar Sathya Street guideline value

The current guideline value of Anbalagan Nagar Sathya Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village and falls under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anbalagan Nagar Sathya Street has changed

The guideline value for Anbalagan Nagar Sathya Street has seen several revisions over the years. In 2012, the value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,800 per sq.ft, an increase of 12% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Tharamani

Tharamani village has 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 value for these streets is Rs 2,800 per sq.ft, which matches the current guideline value of Anbalagan Nagar Sathya Street.

• Anbalagan Nagar Putru Koil 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 Sathya Street

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anbalagan Nagar Sathya Street?

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

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

The guideline value is a critical factor when buying or selling property in Tharamani. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted fairly and transparently.

At the time of registration, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. Buyers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anbalagan Nagar Sathya Street?

The current guideline value of Anbalagan Nagar Sathya 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 are the stamp duty and registration fees for property in Anbalagan Nagar Sathya Street?

For a property valued at Rs 28,00,000, the stamp duty is Rs 1,96,000 and the registration fee is Rs 56,000, totaling Rs 2,52,000.

Which office handles property registrations for Anbalagan Nagar Sathya Street?

The Adayar Sub Registrar Office handles property registrations for Anbalagan Nagar Sathya Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Anbalagan Nagar Sathya Street?

The land classification for Anbalagan Nagar Sathya Street is Residential Class II Type - I.