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Guideline Value

Corporate

Guideline Value for Anbu Nagar 2nd Street

₹2750/sq.ft.

The guideline value for Anbu Nagar 2nd Street in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹238 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹216 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Anbu Nagar 2nd Street

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Anbu Nagar 2nd Street guideline value

The current guideline value of Anbu Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Anbu Nagar 2nd Street has changed

The guideline value for Anbu Nagar 2nd Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 216 per sq.ft. This value increased to Rs 238 per sq.ft in 2003, marking a 10% rise. By 2007, the guideline value surged to Rs 400 per sq.ft, reflecting a significant increase of 68%. The value then rose dramatically to Rs 2,500 per sq.ft in 2012, a 525% increase from the previous revision. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%.

In the subsequent revisions, the guideline value increased to Rs 2,500 per sq.ft in 2023, followed by a further increase to the current rate of Rs 2,750 per sq.ft in 2024, which is a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 1,173%.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Anbu Nagar 2nd Street's 2024 figure above this median.

Stamp duty and registration fee for property in Anbu Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, charged at 7%, would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration fee would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anbu Nagar 2nd Street?

The Sub Registrar Office that covers Anbu Nagar 2nd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Nerkundram

The guideline value is a critical factor in the registration process when buying or selling property in Nerkundram. It serves as the basis for calculating stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set forth by the government.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and helps prevent undervaluation during the sale process.

Frequently asked questions

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

The current guideline value of Anbu Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 216 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1,173% over this period.

What is the stamp duty rate for properties in Anbu Nagar 2nd Street?

The stamp duty rate for properties in Anbu Nagar 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value in Nerkundram?

The median guideline value in Nerkundram is Rs 2,200 per sq.ft, with Anbu Nagar 2nd Street's current value being above this median.