Guideline Value for Anbu Nagar 4th Street

Anbu Nagar 4th Street guideline value

The current guideline value of Anbu Nagar 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam Sub Registrar Office, classified as Residential Class II Type - I.

How the guideline value of Anbu Nagar 4th Street has changed

The guideline value for Anbu Nagar 4th Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from Rs 2,345 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 3,500 per sq.ft, and the current 2024 revision raised it by 10% to Rs 3,850 per sq.ft.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values 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 4th Street.

• Anbu Nagar 3rd Street: Rs 3,850 per sq.ft (2024)
• Anbu Nagar 5th Street: Rs 3,850 per sq.ft (2024)
• Anbu Nagar 2nd Street: Rs 3,850 per sq.ft (2024)
• Anbu Nagar 1st 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total fees Rs 3,46,500. 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 4th Street?

Anbu Nagar 4th Street falls under the jurisdiction of 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 in property transactions in Valasaravakkam. It serves as a reference point for calculating stamp duty and registration fees during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anbu Nagar 4th Street?

The current guideline value of Anbu Nagar 4th 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 changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,345 per sq.ft in 2017, which shows a 49% increase to 2023.

Where can I find the registration office for Anbu Nagar 4th Street?

The registration office for Anbu Nagar 4th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Anbu Nagar 4th Street is 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

What is the land classification of Anbu Nagar 4th Street?

Anbu Nagar 4th Street is classified as Residential Class II Type - I, which is important for understanding its usage and development potential.