Guideline Value for Anbu Nagar 5th Street

Anbu Nagar 5th Street guideline value

The current guideline value of Anbu Nagar 5th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Anbu Nagar 5th Street has changed

Looking at the historical revisions, the guideline value for Anbu Nagar 5th Street was Rs 3,500 per sq.ft in 2023, which increased to Rs 3,850 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 2,345 per sq.ft, representing a significant increase of +49% to the 2023 figure. The 2012 revision also recorded a value of Rs 3,500 per sq.ft, which was a decrease of -33% from the 2017 figure. Notably, there are no recorded figures for the revisions in 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the current 2024 revision, the guideline value has seen a modest increase of +10%. The fluctuations in the guideline value reflect changes in the property landscape over the years, with the most recent figure aligning with the median value for the village.

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 for the village is Rs 3,850 per sq.ft, which is equal to the current value of Anbu Nagar 5th Street.

• Anbu Nagar 4th Street: Rs 3,850 per sq.ft (2024)
• Anbu Nagar 3rd 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 5th 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, while the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to 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.

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

Which Sub Registrar Office covers Anbu Nagar 5th Street?

The Sub Registrar Office that covers Anbu Nagar 5th 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 plays a crucial role during property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure that they are paying the correct fees during the registration process.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anbu Nagar 5th Street?

The current guideline value of Anbu Nagar 5th 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, which is an increase of +10%. The value was Rs 2,345 per sq.ft in 2017, showing a rise of +49% to the 2023 figure.

What are the registration fees for property in Anbu Nagar 5th Street?

The registration fees for a property in Anbu Nagar 5th Street include a stamp duty of 7% and a registration fee of 2%. For a property valued at Rs 38,50,000, the total fees would amount to Rs 3,46,500.

Which office handles property registrations for Anbu Nagar 5th Street?

The Virugambakkam Sub Registrar Office handles property registrations for Anbu Nagar 5th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification of Anbu Nagar 5th Street?

Anbu Nagar 5th Street falls under the Residential Class II Type - I land classification, indicating its suitability for residential purposes.