Guideline Value for Anbu Street (V.L.Puram)

Anbu Street (V.L.Puram) guideline value

The current guideline value of Anbu Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Anbu Street (V.L.Puram) has changed

The guideline value for Anbu Street (V.L.Puram) has seen several revisions over the years. In 2012, the value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in 2017. Following this, the value rose significantly to Rs 2,200 per sq.ft in 2023, before reaching the current value of Rs 2,400 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2023 to 2024 reflects a change of 9%. Overall, from 2012 to 2024, the guideline value has increased by 9% despite the dip between 2012 and 2017.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Anbu Street (V.L.Puram) is above this median.

• Anbunayagam Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Andalammal Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Anbazhagan Street (VL Puram): Rs 2,400 per sq.ft (2024)
• Anbalagan Street(S.No.69): Rs 1,100 per sq.ft (2024)
• Anandham Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Anandan Street (S.No.61, 62, 72,71): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Street (V.L.Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that 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 details.

Which Sub Registrar Office covers Anbu Street (V.L.Puram)?

Anbu Street (V.L.Puram) falls under the Ambattur Sub Registrar Office located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Oragadam. It serves as the minimum benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the registration office will assess the guideline value to ensure that the appropriate fees are collected. Buyers should be aware that the guideline value may affect their overall costs during the transaction process.

Frequently asked questions

What is the current guideline value of Anbu Street (V.L.Puram)?

The current guideline value of Anbu Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Anbu Street (V.L.Puram)?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which office handles the registration for Anbu Street (V.L.Puram)?

The Ambattur Sub Registrar Office handles the registration for Anbu Street (V.L.Puram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum stamp duty and registration fees during property transactions. It ensures that the appropriate fees are collected by the registration office based on the property's assessed value.