Guideline Value for Anbazhagan Street

Anbazhagan Street guideline value

The current guideline value of Anbazhagan Street in Padiyanallur village is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Anbazhagan Street has changed

The guideline value for Anbazhagan Street has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 171 per sq.ft. This figure increased significantly to Rs 400 per sq.ft in 2007, marking a growth of 134%. In 2012, the value remained the same at Rs 700 per sq.ft, which represented a 75% increase from the previous revision. The 2017 revision saw a decrease to Rs 469 per sq.ft, a decline of 33%. Following this, the value rose to Rs 700 per sq.ft in 2023, before reaching the current rate of Rs 770 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 350%. It is important to note that there is no figure available for Anbazhagan Street in the 2002 revision.

Guideline values in Padiyanallur

In Padiyanallur, there are 132 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,750 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which aligns with the guideline value of Anbazhagan Street.

• Ambethkar Street: Rs 770 per sq.ft (2024)
• Anna Durai Street: Rs 770 per sq.ft (2024)
• Alayathamman Nagar: Rs 1,320 per sq.ft (2024)
• Annai Therasa Street: Rs 770 per sq.ft (2024)
• Annamalai Street: Rs 770 per sq.ft (2024)
• Anna Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Anbazhagan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbazhagan Street?

Anbazhagan Street is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Padiyanallur. It serves as a benchmark for determining the minimum value of properties in the area, ensuring that properties are not sold below this value during registration.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that the government receives appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Anbazhagan Street?

The current guideline value of Anbazhagan Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 171 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, marking an overall increase of 350% over this period.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 7,70,000. The stamp duty at 7% is Rs 53,900, and the registration fee at 2% is Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office covers Anbazhagan Street?

Anbazhagan Street is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Anbazhagan Street?

Anbazhagan Street is classified as Residential Class I Type - I, indicating its designation for residential purposes.