Guideline Value for Anbu Nagar

Anbu Nagar guideline value

The current guideline value of Anbu Nagar, located in Pullilyon village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II 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. Starting from Rs 23 per sq.ft in 2003, it increased significantly to Rs 200 per sq.ft in 2007. The value then rose to Rs 400 per sq.ft in 2012, but experienced a decrease to Rs 335 per sq.ft in 2017. Following this, the value increased to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 2291%, reflecting significant changes over the years.

Guideline values in Pullilyon

In Pullilyon village, 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. The median guideline value for these streets is Rs 700 per sq.ft, placing Anbu Nagar's 2024 figure below this median.

• Anbu Nagar Annex: Rs 440 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

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anbu Nagar?

The Sub Registrar Office that covers Anbu Nagar is 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 Pullilyon

The guideline value is a crucial factor when registering property transactions in Pullilyon. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated fairly based on the property's value.

When buying or selling property in Anbu Nagar, the guideline value influences the overall transaction cost. Buyers should be aware that the stamp duty is calculated on either the guideline value or the sale price, whichever is higher, making it essential to understand the current guideline value.

Frequently asked questions

What is the current guideline value of Anbu Nagar?

The current guideline value of Anbu Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 23 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, with various increases and one decrease in between.

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

Other streets in Pullilyon include Anbu Nagar Annex at Rs 440 per sq.ft, Ananthi Nagar at Rs 770 per sq.ft, and Annai Avenue at Rs 440 per sq.ft, among others.

What is the stamp duty rate for property in Anbu Nagar?

The stamp duty rate for property in Anbu Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Anbu Nagar located?

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