Guideline Value

Corporate

Guideline Value for Anbu Nagar 5th Street

₹2750/sq.ft.

The guideline value for Anbu Nagar 5th 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 5th Street

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Anbu Nagar 5th Street guideline value

The current guideline value of Anbu Nagar 5th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Anbu Nagar 5th Street has changed

The guideline value for Anbu Nagar 5th Street has seen significant changes over the years. In the 2002 revision, the value was Rs 216 per sq.ft, which increased to Rs 238 per sq.ft in 2003. Following this, the value rose to Rs 400 per sq.ft in 2007, and then saw a substantial increase to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,750 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2002 to 2003, the increase was +10%. The value surged by +68% from 2003 to 2007, and then saw a massive rise of +525% from 2007 to 2012. However, from 2012 to 2017, there was a decline of -33%. The value increased by +49% from 2017 to 2023, and then rose by +10% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +1173%.

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 in 2024. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Anbu Nagar 5th Street's 2024 value above this median.

Stamp duty and registration fee for property in Anbu Nagar 5th 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 at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Nagar 5th Street?

The Sub Registrar Office that covers Anbu Nagar 5th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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 a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This value helps in standardizing property transactions and prevents undervaluation, ensuring that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Anbu Nagar 5th Street?

The current guideline value of Anbu Nagar 5th 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 +1173% over this period.

What is the land classification of Anbu Nagar 5th Street?

Anbu Nagar 5th Street is classified as Residential Class III Type - I.

Where can I find the registration office for Anbu Nagar 5th Street?

The registration office for Anbu Nagar 5th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for property in Anbu Nagar 5th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.