Guideline Value

Corporate

Guideline Value for Anbu Nagar

₹440/sq.ft.

The guideline value for Anbu Nagar in Payasampakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Payasampakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Anbu Nagar

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Anbu Nagar guideline value

The current guideline value of Anbu Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This locality is situated in Payasampakkam village, under the jurisdiction of the Redhills SRO. The land classification for this area is Residential Class II Type - I.

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 figure is from 2007, set at Rs 200 per sq.ft. This was followed by a revision in 2012, where the value increased to Rs 400 per sq.ft. However, in 2017, the value dropped to Rs 268 per sq.ft before rising again to Rs 400 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 440 per sq.ft.

Between the revisions, the changes were notable. From 2007 to 2012, the value increased by 100%. However, it then decreased by 33% from 2012 to 2017. The value saw a significant increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 120%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Payasampakkam

In Payasampakkam, there are 20 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 330 to Rs 660 per sq.ft, with a median value of Rs 550 per sq.ft. Anbu Nagar's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Anbu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty, calculated at 7%, would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800. Together, the total cost for stamp duty and registration fee would be 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Nagar?

Anbu Nagar falls under 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 information.

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

The guideline value is a critical factor in property transactions in Payasampakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

When a property is sold, the sale price must be at least equal to the guideline value to avoid any legal complications. Buyers and sellers should be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Anbu Nagar?

The current guideline value of Anbu Nagar 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 multiple times, starting from Rs 200 per sq.ft in 2007, rising to Rs 400 in 2012, then dropping to Rs 268 in 2017, and increasing to Rs 400 in 2023 before reaching Rs 440 in 2024.

What are the guideline values of other streets in Payasampakkam?

Other streets in Payasampakkam have varying guideline values. For example, Govindasamy Street and Karumari Nagar have a value of Rs 550 per sq.ft, while Kantha Kottam Nagar is lower at Rs 330 per sq.ft.

What is the registration fee for property in Anbu Nagar?

The registration fee for property in Anbu Nagar is calculated at 2% of the guideline value. For a property valued at Rs 4,40,000, the registration fee would be Rs 8,800.

Where can I find the Sub Registrar Office for Anbu Nagar?

The Sub Registrar Office covering Anbu Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. This office handles all property registrations in the area.