Guideline Value for ANUMAN COLONY MAIN ROAD

Anuman Colony Main Road guideline value

The current guideline value of Anuman Colony Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Anuman Colony Main Road has changed

The guideline value for Anuman Colony Main Road has undergone several revisions since 2003. In 2003, the value was Rs 147 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2007. The value then rose to Rs 2,000 per sq.ft in 2012, before experiencing a decrease to Rs 1,340 per sq.ft in 2017. Following this, the value saw a substantial increase to Rs 2,000 per sq.ft in 2023, and finally, it reached Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1397%. It is important to note that 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. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Anuman Colony Main Road.

• ANUMAN COLONY 5th CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 4th CROSS STREET: 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 Main Road

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 cost for these fees 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.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anuman Colony Main Road?

The Sub Registrar Office that covers Anuman Colony Main Road 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling 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 recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures that all transactions comply with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Anuman Colony Main Road?

The current guideline value of Anuman Colony Main Road 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 significantly from Rs 147 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1397% over this period.

What is the land classification for Anuman Colony Main Road?

Anuman Colony Main Road is classified as Residential Class III Type - I, which indicates its suitability for residential development.

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 guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000.