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 2 village under the Chennai Central Joint I SRO, with a land classification of 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 register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 5,600 per sq.ft, and the 2024 revision increased it to Rs 6,100 per sq.ft, marking a change of +9% from the previous year.

In summary, the guideline value has risen from Rs 5,600 per sq.ft in 2023 to Rs 6,100 per sq.ft in 2024. This increase reflects the adjustments made in the latest revision, while earlier years do not provide any figures for this street.

Guideline values in Mylapore Part 2

Mylapore Part 2 has a total of 332 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing the 2024 figure for Anbu Colony 2nd Street below that 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Colony 2nd Street?

The Sub Registrar Office that covers Anbu Colony 2nd 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 2

The guideline value is an essential factor when registering property transactions in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When buying or selling property, the guideline value helps both parties understand the minimum value of the property for registration purposes. It is important to note that the stamp duty is charged on the higher of the guideline value and the sale price.

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 increased from Rs 5,600 per sq.ft in 2023 to Rs 6,100 per sq.ft in 2024, reflecting a +9% change. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Mylapore Part 2?

Other streets in Mylapore Part 2 have varying guideline values, with rates ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value in this area is Rs 8,800 per sq.ft, while Anbu Colony 2nd Street's value is below this median.

What are the stamp duty and registration fees for properties in Anbu Colony 2nd Street?

For a property valued at Rs 61,00,000, the stamp duty would be Rs 4,27,000 and the registration fee would be Rs 1,22,000, totaling Rs 5,49,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Anbu Colony 2nd Street?

The Chennai Central Joint I Sub Registrar Office handles registrations for Anbu Colony 2nd Street. It is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.