Guideline Value for Anbazhagan Nagar 3rd Cross Street

Anbazhagan Nagar 3rd Cross Street guideline value

The current guideline value of Anbazhagan Nagar 3rd Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village and falls under the jurisdiction of the Sembiam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anbazhagan Nagar 3rd Cross Street has changed

The guideline value for Anbazhagan Nagar 3rd Cross Street has seen several revisions over the years. In the 2007 revision, the rate was Rs 800 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2012 revision, marking a 125% rise. However, the value decreased to Rs 1,206 per sq.ft in the 2017 revision, which was a decline of 33%. The 2023 revision saw a substantial increase to Rs 1,800 per sq.ft, and the most recent 2024 revision has set the value at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, 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. The guideline value for Anbazhagan Nagar 3rd Cross Street is below this median.

• Anbazhagan Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 3rd Main Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 2nd Main Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 2nd Cross Street: Rs 1,900 per sq.ft (2024)
• Anbazhagan Nagar 4th Cross Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anbazhagan Nagar 3rd 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, and the registration fee at 2% would be Rs 38,000, bringing the total fees together to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anbazhagan Nagar 3rd Cross Street?

The Sub Registrar Office that covers Anbazhagan Nagar 3rd Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Sembiam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standard value set by the government.

When buying or selling property, the guideline value is used to determine the minimum value for taxation purposes. This means that regardless of the sale price, the stamp duty and registration fees will be calculated based on the guideline value if it is higher.

Frequently asked questions

What is the current guideline value of Anbazhagan Nagar 3rd Cross Street?

The current guideline value of Anbazhagan Nagar 3rd 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, showing an overall increase of 138% over the years.

What are the registration fees for property in Anbazhagan Nagar 3rd Cross Street?

The registration fees are calculated based on the guideline value, which is Rs 1,900 per sq.ft. For a 1,000 sq.ft plot, the total registration fees would be Rs 1,71,000, including stamp duty and registration fees.

Which office handles registrations for Anbazhagan Nagar 3rd Cross Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Anbazhagan Nagar 3rd Cross Street.

What is the land classification for Anbazhagan Nagar 3rd Cross Street?

The land classification for Anbazhagan Nagar 3rd Cross Street is Residential Class II Type - I, indicating its suitability for residential purposes.