Guideline Value for Anbu Nagar

Anbu Nagar guideline value

The current guideline value of Anbu Nagar, located in Malayambakkam village under the Kunrathur SRO, is Rs 935 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Anbu Nagar has changed

The guideline value for Anbu Nagar has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 300 per sq.ft, which increased significantly to Rs 850 per sq.ft in 2012. However, this was followed by a decrease to Rs 569 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 850 per sq.ft, and the most recent revision in 2024 has increased it to Rs 935 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 212%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median value is Rs 935 per sq.ft, which is the same as the guideline value for Anbu Nagar. Below are other streets in Malayambakkam:

• Annappan Nagar: Rs 935 per sq.ft (2024)
• A.S.R. City: Rs 880 per sq.ft (2024)
• Ayaan City: Rs 800 per sq.ft (2024)
• Bakthavatchalam Nagar: Rs 1,210 per sq.ft (2024)
• Balaji Nagar: Rs 935 per sq.ft (2024)
• Chinthamani Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total fees to Rs 84,150. 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 details.

Which Sub Registrar Office covers Anbu Nagar?

Anbu Nagar falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Malayambakkam, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that buyers must pay at the time of registration.

When a property is sold, the sale price must be equal to or greater than the guideline value to ensure compliance with registration requirements. This helps maintain transparency in property transactions and ensures that all parties are aware of the value being recorded.

Frequently asked questions

What is the current guideline value of Anbu Nagar?

The current guideline value of Anbu Nagar is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 935 per sq.ft in 2024, reflecting a total increase of 212% over the years.

What are the other streets in Malayambakkam with their guideline values?

Other streets in Malayambakkam include Annappan Nagar and Balaji Nagar, both at Rs 935 per sq.ft, A.S.R. City at Rs 880 per sq.ft, Ayaan City at Rs 800 per sq.ft, Bakthavatchalam Nagar at Rs 1,210 per sq.ft, and Chinthamani Nagar at Rs 880 per sq.ft.

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

The stamp duty for a property valued at Rs 9,35,000 would be Rs 65,450, and the registration fee would be Rs 18,700, totaling Rs 84,150.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.