Guideline Value for Anbu Colony

Anbu Colony guideline value

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

How the guideline value of Anbu Colony has changed

The guideline value for Anbu Colony has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the value at Rs 5,600 per sq.ft, which was an increase from the previous revision. The latest 2024 revision has raised the guideline value to Rs 6,100 per sq.ft, reflecting a change of +9% from the 2023 figure.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 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 value is Rs 8,800 per sq.ft, placing Anbu Colony's 2024 figure below this median.

• Anbu Colony 1st Street: 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

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, totaling 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anbu Colony?

Anbu Colony 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 further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Mylapore Part 1. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Anbu Colony?

The current guideline value of Anbu Colony 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, marking a change of +9%. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Anbu Colony?

Anbu Colony is classified as Residential Class III Type - I, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for property in Anbu Colony?

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.

Where is the Sub Registrar Office for Anbu Colony located?

The Chennai Central Joint I Sub Registrar Office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office handles all registrations for properties in Anbu Colony.