Guideline Value for Anbu Valarmathi Nagar

Anbu Valarmathi Nagar guideline value

The current guideline value of Anbu Valarmathi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village, under the Redhills SRO, and is classified as Residential Special Type - I.

How the guideline value of Anbu Valarmathi Nagar has changed

The guideline value for Anbu Valarmathi Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 37 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007. The value saw a remarkable rise to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The 2023 revision maintained the value at Rs 1,000 per sq.ft, with the current revision in 2024 also holding steady at Rs 1,000 per sq.ft. Notably, the register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 49%. The years 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was a substantial 233%. The increase from 2003 to 2007 was an impressive 711%. Overall, from 2003 to 2024, the guideline value has risen by 2603%.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, placing Anbu Valarmathi Nagar's 2024 figure below that median.

• Annai Avenue: Rs 1,006 per sq.ft (2024)
• Annai Nagar: Rs 1,004 per sq.ft (2024)
• Balaji Nagar: Rs 1,004 per sq.ft (2024)
• Bhuvaneswari Avenue: Rs 1,004 per sq.ft (2024)
• Buneshwari Nagar: Rs 1,006 per sq.ft (2024)
• Chelliyamman Nagar: Rs 1,003 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Valarmathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anbu Valarmathi Nagar?

The Sub Registrar Office covering Anbu Valarmathi 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 Vadaperumbakkam

The guideline value is a critical factor when buying or selling property in Vadaperumbakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are recorded fairly and transparently. Buyers and sellers must consider the guideline value when negotiating sale prices and preparing for registration.

During the registration process, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Anbu Valarmathi Nagar?

The current guideline value of Anbu Valarmathi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, starting from Rs 37 per sq.ft in 2003 to Rs 1,000 per sq.ft in 2012, with fluctuations in between. The most recent revisions in 2023 and 2024 have maintained the value at Rs 1,000 per sq.ft.

What is the median guideline value in Vadaperumbakkam?

The median guideline value for streets in Vadaperumbakkam is Rs 1,003 per sq.ft, which is higher than the current value of Anbu Valarmathi Nagar.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 10,00,000 in Anbu Valarmathi Nagar, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

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