Guideline Value for Anbu Nagar 2nd Street

Anbu Nagar 2nd Street guideline value

The current guideline value of Anbu Nagar 2nd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

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. Starting from Rs 233 per sq.ft in 2002, it increased to Rs 254 per sq.ft in 2003, marking a 9% rise. The value then saw a significant increase to Rs 400 per sq.ft in 2007, which was a 57% change. In 2012, the guideline value was Rs 3,500 per sq.ft, indicating a substantial 775% increase from the previous revision. However, this figure dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value rose sharply to Rs 3,500 per sq.ft, representing a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 3,850 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 1552%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, which is equal to the 2024 figure for Anbu Nagar 2nd Street.

• Anbu Nagar 1st Street: Rs 3,850 per sq.ft (2024)
• Anbu Nagar 3rd Street: Rs 3,850 per sq.ft (2024)
• Anbu Nagar 4th Street: Rs 3,850 per sq.ft (2024)
• Anbu Nagar 5th Street: Rs 3,850 per sq.ft (2024)
• Ankala Prameshwari Nagar: Rs 3,300 per sq.ft (2024)
• Annai Sathya Nagar Main Road: Rs 3,300 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 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Anbu Nagar 2nd Street?

The Sub Registrar Office that covers Anbu Nagar 2nd 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 Valasaravakkam

The guideline value is a crucial factor when registering property in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or bought. This value is used to calculate the stamp duty and registration fees payable at the time of property registration.

When a buyer and seller agree on a sale price, the registration office will apply the guideline value to ensure that the transaction is recorded accurately. If the sale price is lower than the guideline value, the duty will be charged based on the guideline value instead.

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 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 233 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, showing an overall increase of 1552% over this period.

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

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

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office handles registrations for Anbu Nagar 2nd Street?

The Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, handles registrations for Anbu Nagar 2nd Street.