Guideline Value for Anbu Nagar Annex

Anbu Nagar Annex guideline value

The current guideline value of Anbu Nagar Annex in Pullilyon village is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Residential Class III Type - I.

How the guideline value of Anbu Nagar Annex has changed

The guideline value for Anbu Nagar Annex has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 268 per sq.ft in 2017, a drop of 33%. The value saw significant growth in the following years, reaching Rs 400 per sq.ft in 2023, and then increasing by 10% to Rs 440 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a total increase of 120%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. Anbu Nagar Annex's 2024 figure of Rs 440 per sq.ft is below this median.

• Anbu Nagar: Rs 550 per sq.ft (2024)
• Ananthi Nagar: Rs 770 per sq.ft (2024)
• Annai Avenue: Rs 440 per sq.ft (2024)
• Annai Nagar: Rs 550 per sq.ft (2024)
• Anna Nagar: Rs 440 per sq.ft (2024)
• Abirami Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Nagar Annex?

Anbu Nagar Annex falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Pullilyon. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when acquiring property.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as determined by the government. This helps maintain transparency in property dealings and ensures that the appropriate taxes are collected.

Frequently asked questions

What is the current guideline value of Anbu Nagar Annex?

The current guideline value of Anbu Nagar Annex is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, showing an overall increase of 120% over the years.

What is the land classification of Anbu Nagar Annex?

Anbu Nagar Annex is classified as Residential Class III Type - I.

Where can I find the registration office for Anbu Nagar Annex?

The registration office for Anbu Nagar Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Anbu Nagar Annex?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,40,000, the stamp duty at 7% would be Rs 30,800.