Guideline Value for Anbu Nagar

Anbu Nagar guideline value

The current guideline value of Anbu Nagar, located in Maduravoyal village under the Virugambakkam SRO, is Rs 3,300 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 significant changes over the years. In 2002, the value was Rs 87 per sq.ft, which increased to Rs 240 per sq.ft in 2003. Following this, the value rose to Rs 400 per sq.ft in 2007, and then saw a substantial increase to Rs 3,000 per sq.ft in 2012. However, from 2012 to 2017, the value dropped to Rs 2,010 per sq.ft. The value then increased to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft.

In summary, the changes in guideline value from 2017 to 2023 were +49%, and from 2023 to 2024, there was an increase of +10%. Overall, from 2002 to 2024, the guideline value has increased by +3693%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, placing Anbu Nagar's 2024 figure above this median.

• Alapakkam Perumal Koil Street: Rs 2,750 per sq.ft (2024)
• Alapakkam Main Road (Poonamalle High Road To Arcot Road): Rs 5,500 per sq.ft (2024)
• Alapakkam Gangaiamman Koil Street: Rs 3,850 per sq.ft (2024)
• Abirami Nagar 9th Street: Rs 2,200 per sq.ft (2024)
• Abirami Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Abirami Nagar 7th Street: Rs 2,200 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 precise calculations.

Which Sub Registrar Office covers Anbu Nagar?

The Sub Registrar Office that covers Anbu Nagar 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 Maduravoyal

The guideline value is a crucial factor during property registration in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. Buyers should be aware of the current guideline value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Anbu Nagar?

The current guideline value of Anbu Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 87 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +3693%.

What is the land classification for Anbu Nagar?

Anbu Nagar falls under the Residential Class II Type - I land classification.

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

The Virugambakkam Sub Registrar Office, which covers Anbu Nagar, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated in Anbu Nagar?

Stamp duty in Anbu Nagar is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.