Guideline Value for Anbazhagan Nagar 2nd Street

Anbazhagan Nagar 2nd Street guideline value

The current guideline value of Anbazhagan Nagar 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

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

The guideline value for Anbazhagan Nagar 2nd Street has seen several revisions over the years. In 2002, the guideline value was Rs 394 per sq.ft, which increased to Rs 800 per sq.ft in 2007. The value then rose significantly to Rs 2,500 per sq.ft in 2012, but saw a decrease to Rs 1,675 per sq.ft in 2017. Following this, the guideline value increased to Rs 2,500 per sq.ft in 2023, and is currently set at Rs 2,700 per sq.ft as of the 2024 revision.

The changes between revisions have varied significantly. From 2002 to 2007, the value increased by 103%. However, from 2012 to 2017, there was a decrease of 33%. The most notable increase occurred from 2017 to 2023, with a rise of 49%. The current increase from 2023 to 2024 is 8%. Overall, from 2002 to 2024, the guideline value has increased by 585%.

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 the median value being Rs 2,700 per sq.ft. Anbazhagan Nagar 2nd Street's 2024 figure is equal to this median.

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

Stamp duty and registration fee for property in Anbazhagan Nagar 2nd 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 fees together 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.

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

Which Sub Registrar Office covers Anbazhagan Nagar 2nd Street?

The Sub Registrar Office that covers Anbazhagan Nagar 2nd 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 a crucial 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 government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Anbazhagan Nagar 2nd 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 significantly, from Rs 394 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 585% over the years.

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

Anbazhagan Nagar 2nd Street is classified as Residential Class I Type - I.

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 is the Sub Registrar Office for Anbazhagan Nagar 2nd Street located?

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