Guideline Value for ANUMAN COLONY 3rd CROSS STREET

ANUMAN COLONY 3rd CROSS STREET guideline value

The current guideline value of ANUMAN COLONY 3rd CROSS STREET is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of ANUMAN COLONY 3rd CROSS STREET has changed

The guideline value for ANUMAN COLONY 3rd CROSS STREET has seen several revisions over the years. The earliest recorded value in 2003 was Rs 147 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2007. By 2012, the value rose to Rs 2,000 per sq.ft, but it then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased to Rs 2,000 per sq.ft in 2023 and has now reached Rs 2,200 per sq.ft in the 2024 revision.

In summary, the guideline value has changed as follows: from Rs 147 in 2003 to Rs 750 in 2007, then up to Rs 2,000 in 2012, down to Rs 1,340 in 2017, up to Rs 2,000 in 2023, and finally up to Rs 2,200 in 2024. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for ANUMAN COLONY 3rd CROSS STREET is equal to this median.

• ANUMAN COLONY 2nd CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 4th CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 1st CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 5th CROSS STREET: Rs 2,200 per sq.ft (2024)
• Anuman Colony Main Road: Rs 2,200 per sq.ft (2024)
• Apms 1st Street-Chinnadi Kuppam: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in ANUMAN COLONY 3rd CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together 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.

You can use the stamp duty and registration fee calculator for accurate calculations based on your property details.

Which Sub Registrar Office covers ANUMAN COLONY 3rd CROSS STREET?

The Sub Registrar Office that covers ANUMAN COLONY 3rd CROSS STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair value as per government standards.

When buying or selling property, both the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with local regulations and helps avoid potential legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of ANUMAN COLONY 3rd CROSS STREET?

The current guideline value of ANUMAN COLONY 3rd CROSS STREET 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 147 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, with several revisions in between. The most significant increase occurred between 2003 and 2007, where it rose by 410%.

What is the land classification of ANUMAN COLONY 3rd CROSS STREET?

ANUMAN COLONY 3rd CROSS STREET is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for ANUMAN COLONY 3rd CROSS STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

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