Guideline Value for Anbu Nagar 7th Street

Anbu Nagar 7th Street guideline value

The current guideline value of Anbu Nagar 7th 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 7th Street has changed

The guideline value for Anbu Nagar 7th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 216 per sq.ft, which increased to Rs 238 per sq.ft in 2003. Following that, there was a significant rise to Rs 400 per sq.ft in 2007, and then it jumped to Rs 2,500 per sq.ft in 2012. However, the value decreased to Rs 1,675 per sq.ft in 2017. The guideline value then saw a substantial increase to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,750 per sq.ft from the 2024 revision.

Notable changes between these revisions include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a remarkable 525% increase from 2007 to 2012, a 68% increase from 2003 to 2007, and a 10% increase from 2002 to 2003. Overall, the guideline value has increased by 1,173% from 2002 to 2024.

Guideline values in Nerkundram

In Nerkundram village, there are 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 the village is Rs 2,200 per sq.ft, and Anbu Nagar 7th Street's 2024 figure is above this median.

• Anbu Nagar 6th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 8th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 9th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 5th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 4th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar Main Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Nagar 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Nagar 7th Street?

The Sub Registrar Office that covers Anbu Nagar 7th 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 information.

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

The guideline value is a crucial factor during property registration in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with the local regulations.

When a property is bought or sold, the guideline value is used to calculate the applicable duties and fees. This ensures that all transactions are assessed fairly based on the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Anbu Nagar 7th Street?

The current guideline value of Anbu Nagar 7th 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 median guideline value in Nerkundram?

The median guideline value in Nerkundram village is Rs 2,200 per sq.ft, with Anbu Nagar 7th Street's current value being above this median.

What are the stamp duty and registration fees for a property in Anbu Nagar 7th Street?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

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.