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 2 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 seen various revisions over the years. The most recent revision in 2024 set the guideline value at Rs 6,100 per sq.ft, which is an increase from Rs 5,600 per sq.ft in the 2023 revision, representing a change of +9%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the last recorded guideline value was Rs 5,600 per sq.ft. There are no figures available in the register for the years 2017, 2012, 2007, 2003, and 2002. This consistent increase in the guideline value reflects the adjustments made in the registration department's records.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO with a guideline value range from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value of Anbu Colony 1st Street at Rs 6,100 per sq.ft is 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 fees to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

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 details.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value plays a crucial role in the registration process when buying or selling property in Mylapore Part 2. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

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?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 5,600 per sq.ft to Rs 6,100 per sq.ft, 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 according to the land classification records.

Where can I find more information about the registration office?

The registration office covering 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 the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 61,00,000, the stamp duty at 7% would be Rs 4,27,000.