Guideline Value for Anbalagan Street(S.No.69)

Anbalagan Street(S.No.69) guideline value

The current guideline value of Anbalagan Street(S.No.69) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Anbalagan Street(S.No.69) has changed

The guideline value for Anbalagan Street(S.No.69) has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 670 per sq.ft. The value remained at Rs 1,000 per sq.ft until the 2023 revision, which increased it to Rs 1,100 per sq.ft, marking a 10% rise.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Anbalagan Street(S.No.69) has a guideline value below this median.

• Anbazhagan Street (VL Puram): Rs 2,400 per sq.ft (2024)
• Anandham Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Anbunayagam Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Anbu Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Anandan Street (S.No.61, 62, 72,71): Rs 1,300 per sq.ft (2024)
• Andalammal Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anbalagan Street(S.No.69)

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 information.

Which Sub Registrar Office covers Anbalagan Street(S.No.69)?

The Sub Registrar Office that covers Anbalagan Street(S.No.69) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Oragadam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value for which the property can be registered. This value is particularly important for legal and taxation purposes, providing a transparent framework for property transactions.

Frequently asked questions

What is the current guideline value of Anbalagan Street(S.No.69)?

The current guideline value of Anbalagan Street(S.No.69) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 1,100 per sq.ft in 2024, with a notable increase of 10% from 2023 to 2024.

What is the land classification for Anbalagan Street(S.No.69)?

Anbalagan Street(S.No.69) is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for property in Anbalagan Street(S.No.69)?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Anbalagan Street(S.No.69)?

The Ambattur Sub Registrar Office covers Anbalagan Street(S.No.69), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.