Guideline Value for Anbu Nagar Main Road

Anbu Nagar Main Road guideline value

The current guideline value of Anbu Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Anbu Nagar Main Road has changed

The guideline value for Anbu Nagar Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,675 per sq.ft. The next revision in 2023 increased the value to Rs 2,500 per sq.ft, followed by a further increase to Rs 2,750 per sq.ft in 2024, marking a 10% rise from the previous year.

Between 2012 and 2024, the overall change was an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Anbu Nagar Main Road's 2024 figure above the median.

• Anbu Nagar 9th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 8th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 7th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 6th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 5th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 4th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Nagar Main Road?

The Sub Registrar Office that covers Anbu Nagar Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Nerkundram, as it determines the minimum value at which properties can be registered. Buyers must consider this value when negotiating sale prices, as it can impact the overall costs associated with the transaction.

When registering a property, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Anbu Nagar Main Road?

The current guideline value of Anbu Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 increasing it to Rs 2,750 per sq.ft from Rs 2,500 per sq.ft in 2023. The value has increased overall by 10% from 2012 to 2024.

What is the land classification for Anbu Nagar Main Road?

Anbu Nagar Main Road is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Anbu Nagar Main Road?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations for Anbu Nagar Main Road?

The Virugambakkam Sub Registrar Office handles property registrations for Anbu Nagar Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.