Guideline Value for Anbazhagan Street (VL Puram)

Anbazhagan Street (VL Puram) guideline value

The current guideline value of Anbazhagan Street (VL Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Anbazhagan Street (VL Puram) has changed

The guideline value for Anbazhagan Street (VL Puram) has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023 and further to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase from the previous year. Notably, there are no figures available for this street in the revisions from 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, the guideline value has increased by 9% from 2012 to 2024, indicating a notable fluctuation in the values over the years.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Anbazhagan Street (VL Puram) above this median at Rs 2,400 per sq.ft.

• Anbalagan Street(S.No.69): Rs 1,100 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)
• Andalammal Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Anandham Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Anandan Street (S.No.61, 62, 72,71): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anbazhagan Street (VL Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbazhagan Street (VL Puram)?

Anbazhagan Street (VL Puram) falls under 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 more information.

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

The guideline value plays a crucial role during property transactions in Oragadam. It serves as the baseline for calculating stamp duty and registration fees, which are mandatory when registering a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value of Anbazhagan Street (VL Puram)?

The current guideline value of Anbazhagan Street (VL Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Anbazhagan Street (VL Puram)?

Anbazhagan Street (VL Puram) is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Anbazhagan Street (VL Puram)?

The Ambattur Sub Registrar Office covers Anbazhagan Street (VL Puram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Anbazhagan Street (VL Puram)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,400 per sq.ft would incur a total guideline value of Rs 24,00,000, leading to specific stamp duty and registration fees.