Guideline Value for Anbu Nagar 9th Street

Anbu Nagar 9th Street guideline value

The current guideline value of Anbu Nagar 9th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Anbu Nagar 9th Street has changed

The guideline value of Anbu Nagar 9th Street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 525% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, a reduction of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 588%.

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 9th Street above this median with its current value of Rs 2,750 per sq.ft.

• Anbu Nagar 8th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 7th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 6th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 5th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 4th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Nagar 9th 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 to 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anbu Nagar 9th Street?

The Sub Registrar Office that covers Anbu Nagar 9th 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 in property transactions in Nerkundram, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration norms and to avoid any legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of Anbu Nagar 9th Street?

The current guideline value of Anbu Nagar 9th 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 from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 588% over the years.

What is the classification of land in Anbu Nagar 9th Street?

Anbu Nagar 9th Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where is the Sub Registrar Office for Anbu Nagar 9th Street located?

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

How is the stamp duty calculated for properties in Anbu Nagar 9th Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.