Guideline Value for Anbazhagan Nagar 1st Main Street

Anbazhagan Nagar 1st Main Street guideline value

The current guideline value of Anbazhagan Nagar 1st Main Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village and falls under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Anbazhagan Nagar 1st Main Street has changed

The guideline value for Anbazhagan Nagar 1st Main Street has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure decreased to Rs 1,675 per sq.ft in 2017, before rising again to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The increase from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 represented a substantial increase of 213%. Overall, from 2007 to 2024, the guideline value has increased by 238%. The register does not have figures for the revisions in 2002 and 2003 for this street.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Anbazhagan Nagar 1st Main Street's 2024 guideline value is equal to this median.

• Anbazhagan Nagar 1st Cross Street: Rs 1,900 per sq.ft (2024)
• Anbazhagan Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 2nd Cross Street: Rs 1,900 per sq.ft (2024)
• Anbazhagan Nagar 2nd Main Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 3rd Cross Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anbazhagan Nagar 1st Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost of these fees to Rs 2,43,000. 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 transaction.

Which Sub Registrar Office covers Anbazhagan Nagar 1st Main Street?

The Sub Registrar Office that covers Anbazhagan Nagar 1st Main Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Sembiam. It is used to determine the amount of stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is a key factor in calculating these fees.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Anbazhagan Nagar 1st Main Street?

The current guideline value of Anbazhagan Nagar 1st Main Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 238% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher amount is used for calculating these fees.