Guideline Value for Anbu Nagar 2nd Street

Anbu Nagar 2nd Street guideline value

The current guideline value of Anbu Nagar 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the Residential Class I Type - I land classification.

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 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. This represents a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, reflecting an increase of 8% from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value across these streets is Rs 2,700 per sq.ft, which matches the guideline value of Anbu Nagar 2nd Street for 2024.

• Anbu Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Anbu Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar Extension: Rs 2,700 per sq.ft (2024)
• Amudham Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar 6th Street: Rs 2,700 per sq.ft (2024)

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 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, calculated at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further information.

Which Sub Registrar Office covers Anbu Nagar 2nd Street?

The Sub Registrar Office covering Anbu Nagar 2nd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are documented at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

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 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Anbu Nagar 2nd Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registrations for Anbu Nagar 2nd Street?

The Madhavaram Sub Registrar Office handles property registrations for Anbu Nagar 2nd Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Anbu Nagar 2nd Street?

Anbu Nagar 2nd Street falls under the Residential Class I Type - I land classification.