Guideline Value for Anbalagan Street

Anbalagan Street guideline value

The current guideline value of Anbalagan Street in Kodambakkam village, under the Ashok Nagar SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class IV Type - II.

How the guideline value of Anbalagan Street has changed

The guideline value for Anbalagan Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 620 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in the 2012 revision. However, this figure decreased by 33% to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value rose sharply to Rs 3,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 sees the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Anbalagan Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 432%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. Anbalagan Street's current guideline value of Rs 3,300 per sq.ft is below this median.

• Amman Koil Street (Saidapettai Salai): Rs 5,500 per sq.ft (2024)
• Amman Koil Street: Rs 5,500 per sq.ft (2024)
• Andiyappan Naicken Street: Rs 4,900 per sq.ft (2024)
• Angalamman Koil Street: Rs 4,900 per sq.ft (2024)
• Angalaparameswari 1st Street: Rs 3,300 per sq.ft (2024)
• Angalaparameswari 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anbalagan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. 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 Street?

The Sub Registrar Office that covers Anbalagan Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kodambakkam, as it determines the minimum value at which the property can be registered. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anbalagan Street?

The current guideline value of Anbalagan Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen several revisions, increasing from Rs 620 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing a total increase of 432%.

What is the land classification of Anbalagan Street?

Anbalagan Street is classified as Residential Class IV Type - II as per the current guidelines.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Anbalagan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.