Guideline Value for ANUMAN COLONY 5th CROSS STREET

ANUMAN COLONY 5th CROSS STREET guideline value

The current guideline value of ANUMAN COLONY 5th CROSS STREET is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of ANUMAN COLONY 5th CROSS STREET has changed

Over the years, the guideline value for ANUMAN COLONY 5th CROSS STREET has seen significant changes. Starting from Rs 147 per sq.ft in 2003, it increased to Rs 750 per sq.ft in 2007, marking a substantial increase of 410%. The value then rose to Rs 2,000 per sq.ft in 2012, reflecting a 167% increase. However, it decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value then surged to Rs 2,000 per sq.ft in 2023, and most recently, it has been revised to Rs 2,200 per sq.ft in 2024, which is an increase of 10%.

It is important to note that there is no figure available for this street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 1397%, showcasing the significant changes in property valuation over the years.

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. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of ANUMAN COLONY 5th CROSS STREET.

• ANUMAN COLONY 4th CROSS STREET: Rs 2,200 per sq.ft (2024)
• Anuman Colony Main Road: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 3rd CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 2nd CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 1st CROSS STREET: 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 5th 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 amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers ANUMAN COLONY 5th CROSS STREET?

The Sub Registrar Office that covers ANUMAN COLONY 5th 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 plays a crucial role in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with the regulations set by the Registration Department.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value of ANUMAN COLONY 5th CROSS STREET?

The current guideline value of ANUMAN COLONY 5th CROSS STREET is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 147 per sq.ft to Rs 2,200 per sq.ft in 2024, marking an overall increase of 1397% over the years.

What is the land classification for ANUMAN COLONY 5th CROSS STREET?

ANUMAN COLONY 5th CROSS STREET is classified as Residential Class III Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 1,98,000 in fees.