Guideline Value for Anbu Colony

Anbu Colony guideline value

The current guideline value of Anbu Colony, located in Mylapore Part 2 village, is Rs 6,100 per sq.ft as per the 2024 revision 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 a revision from Rs 5,600 per sq.ft in 2023 to Rs 6,100 per sq.ft in 2024, marking an increase of 9%. Prior to the 2023 revision, the register has no figures for this street from the years 2017, 2012, 2007, 2003, and 2002.

In the 2024 revision, the guideline value reflects the current market conditions, with a notable increase from the previous year. The absence of figures in earlier revisions indicates that the valuation for Anbu Colony has been established only in recent years.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 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 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, 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 information on calculating fees, you can use the stamp duty and registration fee calculator.

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 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 serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value is taken into account to ensure compliance with legal requirements. Buyers and sellers should be aware that the duty is applied based on the higher of the guideline value or the sale price, ensuring that all transactions reflect the appropriate value as per the current guidelines.

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 much did the guideline value increase from 2023 to 2024?

The guideline value increased by 9% from Rs 5,600 per sq.ft in 2023 to Rs 6,100 per sq.ft in 2024.

What is the land classification of Anbu Colony?

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

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

The Sub Registrar Office covering Anbu Colony is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Anbu Colony?

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