Guideline Value for Anbazhagan Street (Anna Nagar)

Anbazhagan Street (Anna Nagar) guideline value

The current guideline value of Anbazhagan Street (Anna Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Anbazhagan Street (Anna Nagar) has changed

The guideline value of Anbazhagan Street has seen significant changes over the years. In 2002, the guideline value was Rs 228 per sq.ft, which increased to Rs 258 per sq.ft in 2003, marking a rise of 13%. By 2007, the value jumped to Rs 360 per sq.ft, reflecting a 40% increase. The subsequent revision in 2017 saw a dramatic rise to Rs 1,675 per sq.ft, which represents a 365% increase from the 2007 figure. The 2023 revision set the value at Rs 2,500 per sq.ft, an increase of 49% from 2017. Finally, the latest revision in 2024 has raised the guideline value to Rs 2,750 per sq.ft, a 10% increase from the previous year.

It is important to note that there is no figure available for Anbazhagan Street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 1,106%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values in 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Anbazhagan Street's 2024 figure above the median.

• AnathaRamakrishnan Street (V.O.C.Nagar): Rs 2,750 per sq.ft (2024)
• Anathanarayanan Street: Rs 1,760 per sq.ft (2024)
• Andal Parangkusam Street (Muvendar Nagar): Rs 1,760 per sq.ft (2024)
• Angalaman Koil 1st Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Angalaman Koil Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Angalamman Koil Street (Thiruneermalai Main Road): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anbazhagan Street (Anna Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total charges Rs 2,47,500. 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 Anbazhagan Street (Anna Nagar)?

The Sub Registrar Office covering Anbazhagan Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for buying or selling property in Pammal. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value as per the government's regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction price. If the sale price exceeds the guideline value, the stamp duty is charged on the higher amount, ensuring that the registration process is compliant with the established norms.

Frequently asked questions

What is the current guideline value of Anbazhagan Street (Anna Nagar)?

The current guideline value of Anbazhagan Street (Anna Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 1,106%.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Anbazhagan Street's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Anbazhagan Street?

The total stamp duty and registration fees for a 1,000 sq.ft plot at the current guideline value would be Rs 2,47,500, based on a guideline value of Rs 27,50,000.

Where is the Sub Registrar Office for Anbazhagan Street located?

The Sub Registrar Office for Anbazhagan Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.