Guideline Value for Anbu Colony 2nd Street

Anbu Colony 2nd Street guideline value

The current guideline value of Anbu Colony 2nd 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 2nd Street has changed

The guideline value for Anbu Colony 2nd Street has seen revisions over the years. The most recent revision in 2024 set the value at Rs 6,100 per sq.ft, an increase from Rs 5,600 per sq.ft in the 2023 revision, marking 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 guideline value was not recorded for the aforementioned years. The 2024 figure is the most current and reflects the latest assessment of property values in this area.

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 range from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, indicating that Anbu Colony 2nd Street's 2024 figure is below this median.

• Anbu Colony 1st Street: Rs 6,100 per sq.ft (2024)
• Anbu Colony: 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 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 6,100 per sq.ft, the 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, totaling Rs 5,49,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anbu Colony 2nd Street?

Anbu Colony 2nd Street is covered by 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 1

The guideline value plays a crucial role during the registration of property transactions in Mylapore Part 1. It helps determine the stamp duty and registration fees that must be paid, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value is referenced to assess the legal and financial obligations associated with the transaction. This ensures transparency and compliance with local regulations in property dealings.

Frequently asked questions

What is the current guideline value of Anbu Colony 2nd Street?

The current guideline value of Anbu Colony 2nd Street is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,600 per sq.ft in 2023 to Rs 6,100 per sq.ft in 2024, reflecting an increase of +9%. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Anbu Colony 2nd Street?

Anbu Colony 2nd Street is classified as Residential Class III Type - I, indicating its designated use for residential purposes.

What are the registration fees for property in Anbu Colony 2nd Street?

The registration fees for property transactions are calculated based on the guideline value. For example, a 1,000 sq.ft plot at Rs 6,100 per sq.ft incurs a total of Rs 5,49,000 in stamp duty and registration fees combined.

Which office handles registrations for properties in Mylapore Part 1?

The Chennai Central Joint I Sub Registrar Office handles registrations for properties in Mylapore Part 1, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.