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

Anbunayagam Street (V.L.Puram) guideline value

The current guideline value of Anbunayagam 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, and it is classified as Residential Special Type - I.

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

The guideline value for Anbunayagam Street (V.L.Puram) has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. The value then rose to Rs 2,200 per sq.ft in 2023, and finally, it reached Rs 2,400 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 9%.

Guideline values in Oragadam

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

• Anbu 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 Anbunayagam 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 would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. 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 precise calculations based on your property details.

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

The Sub Registrar Office that covers Anbunayagam Street (V.L.Puram) is 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 plays a crucial role in the registration process when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Anbunayagam 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 back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of Anbunayagam Street (V.L.Puram)?

Anbunayagam Street (V.L.Puram) is classified as Residential Special Type - I.

What is the stamp duty for a property in Anbunayagam Street (V.L.Puram)?

The stamp duty for a property in Anbunayagam Street (V.L.Puram) is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Anbunayagam Street (V.L.Puram)?

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