Guideline Value for Anbu Nagar

Anbu Nagar guideline value

The current guideline value of Anbu Nagar, located in Melavalam village under the Madurandakam SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Anbu Nagar has changed

The guideline value for Anbu Nagar has undergone several revisions over the years. In 2007, the value was Rs 40 per sq.ft, which increased to Rs 100 per sq.ft in 2012. Following this, the value decreased to Rs 67 per sq.ft in 2017, before rising to Rs 200 per sq.ft in both 2023 and 2024. The revisions for 2002 and 2003 do not have figures recorded for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 199%. The value remained unchanged from 2023 to 2024, showing a 0% change. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Melavalam

In Melavalam village, there are 20 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 350 per sq.ft. Anbu Nagar's 2024 figure is below this median.

• Adhivasi Nagar: Rs 200 per sq.ft (2024)
• A.V. Nagar: Rs 200 per sq.ft (2024)
• Central Government Staffs Co-Op Nagar: Rs 200 per sq.ft (2024)
• M.S.K. Nagar: Rs 200 per sq.ft (2024)
• Ramya Reng & Ramya Ramaa: Rs 200 per sq.ft (2024)
• R. R. Nagar: Rs 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total fees Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anbu Nagar?

Anbu Nagar falls under the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Melavalam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the property transfer, making the process transparent and straightforward.

Frequently asked questions

What is the current guideline value of Anbu Nagar?

The current guideline value of Anbu Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in both 2023 and 2024, with various increments and decrements in between.

What is the land classification for Anbu Nagar?

Anbu Nagar is classified as Residential Special Type - II, which indicates the type of development permissible in this area.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Anbu Nagar?

The Madurandakam Sub Registrar Office handles property registrations for Anbu Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu zone.