Guideline Value for Anbazhagan Nagar 2nd Main Street

Anbazhagan Nagar 2nd Main Street guideline value

The current guideline value of Anbazhagan Nagar 2nd 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, classified as Residential Class I Type - I.

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

The guideline value for Anbazhagan Nagar 2nd Main Street has undergone several revisions over the years. The 2007 revision set the value at Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this value decreased by 33% to Rs 1,675 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the latest 2024 revision has set it at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 238%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Sembiam

Sembiam village has a total of 250 streets under the Sembiam SRO, with 2024 guideline values ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value among these streets is Rs 2,700 per sq.ft, which matches the current guideline value for Anbazhagan Nagar 2nd Main Street.

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

Stamp duty and registration fee for property in Anbazhagan Nagar 2nd 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 be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total 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 more detailed calculations.

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

The Sub Registrar Office that covers Anbazhagan Nagar 2nd 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 is a crucial factor when registering property transactions in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are levied. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Anbazhagan Nagar 2nd Main Street?

The current guideline value for Anbazhagan Nagar 2nd 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 seen several revisions, increasing from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, which is an overall increase of 238%.

What are the other guideline values in Sembiam?

Other streets in Sembiam have various guideline values, ranging from Rs 1,900 to Rs 2,700 per sq.ft in 2024, with the median being Rs 2,700 per sq.ft.

What are the stamp duty and registration fees for properties in Anbazhagan Nagar 2nd Main Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,43,000, based on the guideline value of Rs 27,00,000.

Which office handles the registration for Anbazhagan Nagar 2nd Main Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, is responsible for handling registrations for Anbazhagan Nagar 2nd Main Street.