Guideline Value

Corporate

Guideline Value for Anbu Nagar 10th Street

₹2750/sq.ft.

The guideline value for Anbu Nagar 10th 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 N/A
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 10th Street

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Anbu Nagar 10th Street guideline value

The current guideline value of Anbu Nagar 10th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Anbu Nagar 10th Street has changed

The guideline value for Anbu Nagar 10th Street has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 238 per sq.ft. This increased to Rs 400 per sq.ft in 2007, marking a significant rise of 68%. By 2012, the value had jumped to Rs 2,500 per sq.ft, reflecting a substantial increase of 525%. However, it decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The guideline value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,750 per sq.ft in 2024, which is an increase of 10% from the previous year. The register has no figure for this street in 2002.

Overall, from 2003 to 2024, the guideline value has increased by 1,055%. The changes between each revision highlight the fluctuations in the guideline value over the years, indicating a complex history of property valuation in this area.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Anbu Nagar 10th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Anbu Nagar 10th 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, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Nagar 10th Street?

The Sub Registrar Office that covers Anbu Nagar 10th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Nerkundram. It is used as a reference point for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is considered to safeguard the interests of the state and ensure that the transaction is conducted at a fair valuation. It is essential for both parties to understand how the guideline value impacts the overall costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Anbu Nagar 10th Street?

The current guideline value of Anbu Nagar 10th 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 238 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1,055% over the years.

What is the land classification of Anbu Nagar 10th Street?

Anbu Nagar 10th Street is classified under Residential Class III Type - I according to the land classification guidelines.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,50,000, the stamp duty is Rs 1,92,500 and the registration fee is Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Anbu Nagar 10th Street?

The Virugambakkam Sub Registrar Office handles registrations for Anbu Nagar 10th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.