Guideline Value for Anbu Nagar

Anbu Nagar guideline value

The current guideline value of Anbu Nagar, located in Kilkattalai village under the Pallavaram SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Anbu Nagar has changed

The guideline value for Anbu Nagar has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 111 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2007, marking a rise of 350%. The value then surged to Rs 2,000 per sq.ft in 2012, representing a 300% increase from the previous revision. However, it saw a decrease of 33% to Rs 1,340 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 2,000 per sq.ft, followed by another increase of 10% in 2024, bringing it to the current rate of Rs 2,200 per sq.ft.

It is important to note that there is no figure available for Anbu Nagar in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 1882%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft as per the 2024 revision. The median value for the village is Rs 2,530 per sq.ft, making Anbu Nagar's current guideline value below this median.

• Andavar Avenue: Rs 2,200 per sq.ft (2024)
• Ambal Nagar Main Road: Rs 4,125 per sq.ft (2024)
• Ambal Nagar Extension: Rs 4,125 per sq.ft (2024)
• Ambal Nagar 1 To 24 Streets: Rs 4,125 per sq.ft (2024)
• Almighty Nagar: Rs 1,980 per sq.ft (2024)
• Alandur Main Road: Rs 4,125 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Nagar?

Anbu Nagar is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kilkattalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value, as it affects the overall cost of the transaction. Buyers must ensure that the sale price is equal to or higher than the guideline value to comply with registration requirements.

Frequently asked questions

What is the current guideline value of Anbu Nagar?

The current guideline value of Anbu Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 111 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1882% over this period.

What is the land classification of Anbu Nagar?

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

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated in Anbu Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.