Guideline Value for Anbu Colony 1st Street

Anbu Colony 1st Street guideline value

The current guideline value of Anbu Colony 1st Street is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Anbu Colony 1st Street has changed

The guideline value for Anbu Colony 1st Street has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The last recorded figures show that in 2023, the guideline value was Rs 5,600 per sq.ft, which increased to Rs 6,100 per sq.ft in 2024, marking a change of +9%.

In summary, the guideline value has increased from Rs 5,600 per sq.ft in 2023 to Rs 6,100 per sq.ft in 2024. This change reflects the most recent revision and the current status of the guideline value for this street.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Anbu Colony 1st Street's 2024 figure below this median.

• Anbu Colony: Rs 6,100 per sq.ft (2024)
• Anbu Colony 2nd Street: Rs 6,100 per sq.ft (2024)
• Ammaiappan Street: Rs 8,700 per sq.ft (2024)
• Ammaiappan Lane: Rs 8,700 per sq.ft (2024)
• Ambujammal Street: Rs 14,300 per sq.ft (2024)
• Alwarpet Street: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anbu Colony 1st Street?

The Sub Registrar Office that covers Anbu Colony 1st Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value plays a crucial role in property transactions in Mylapore Part 1, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anbu Colony 1st Street?

The current guideline value of Anbu Colony 1st Street is Rs 6,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 5,600 per sq.ft in 2023 to Rs 6,100 per sq.ft in 2024, which is a change of +9%.

What is the land classification for Anbu Colony 1st Street?

Anbu Colony 1st Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Anbu Colony 1st Street?

The Sub Registrar Office for Anbu Colony 1st Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Anbu Colony 1st 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 61,00,000, the stamp duty at 7% would be Rs 4,27,000, along with a registration fee of Rs 1,22,000.