Your composition window is zoomed in 400%. Zoom out to 100% and make the font the appropriate size in your character panel.
You are zoomed in 400% and everything is normal. Set your zoom to 100%.
hi tulikas i guess your composition size was too small and your font size is also small.. that's why you need to zoom 400% to make your view bigger and that's why your text is blurry because the font size is just 6px only.try to make your composition 720px x 1080px or bigger and your font size much bigger. ^_^
you can set it in the upper right of your AE console.
click composition then select composition settings.
or you can set this thing when you create a new composition.
i hope it helps you..