Guideline Value for Anbazhagan Nagar 2nd Cross Street

Anbazhagan Nagar 2nd Cross Street guideline value

The current guideline value of Anbazhagan Nagar 2nd Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the jurisdiction of the Sembiam SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Anbazhagan Nagar 2nd Cross Street has changed

The guideline value for Anbazhagan Nagar 2nd Cross Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 800 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2012 revision, marking a significant rise of 125%. However, the value decreased to Rs 1,206 per sq.ft in the 2017 revision, which was a drop of 33%. The subsequent 2023 revision saw the value increase to Rs 1,800 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 138%.

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 2nd Cross Street's 2024 figure of Rs 1,900 per sq.ft is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, while the registration fee at 2% would be Rs 38,000. Together, these fees would total Rs 1,71,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbazhagan Nagar 2nd Cross Street?

The Sub Registrar Office that covers Anbazhagan Nagar 2nd Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is an important factor during the registration of property transactions in Sembiam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This helps in maintaining transparency in property transactions and ensures that the government receives its due revenue from property sales.

Frequently asked questions

What is the current guideline value of Anbazhagan Nagar 2nd Cross Street?

The current guideline value of Anbazhagan Nagar 2nd Cross Street is Rs 1,900 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 1,900 per sq.ft in 2024, reflecting an overall increase of 138% over the years.

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

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which Sub Registrar Office is responsible for Anbazhagan Nagar 2nd Cross Street?

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

What is the land classification for Anbazhagan Nagar 2nd Cross Street?

Anbazhagan Nagar 2nd Cross Street is classified under Residential Class II Type - I land classification.