Guideline Value for Anbazhagan Nagar 3rd Main Street

Anbazhagan Nagar 3rd Main Street guideline value

The current guideline value of Anbazhagan Nagar 3rd 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 Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

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

The guideline value for Anbazhagan Nagar 3rd Main Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 800 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a 213% rise. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, which represented a decline of 33%. The 2023 revision saw a notable increase to Rs 2,500 per sq.ft, and the most recent revision in 2024 has set the value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 238%. The register does not provide figures for the years 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. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of Anbazhagan Nagar 3rd Main Street.

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

Stamp duty and registration fee for property in Anbazhagan Nagar 3rd Main Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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 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 also use the stamp duty and registration fee calculator for more precise calculations.

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

The Sub Registrar Office that covers Anbazhagan Nagar 3rd 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

When buying or selling property in Sembiam, the guideline value is a critical factor for registration purposes. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

The guideline value is used to ensure that the property is valued accurately for taxation purposes. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Anbazhagan Nagar 3rd 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 is the stamp duty for property in Anbazhagan Nagar 3rd Main Street?

The stamp duty for property in Anbazhagan Nagar 3rd Main Street is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.

Which Sub Registrar Office covers this area?

The Sembiam Sub Registrar Office covers Anbazhagan Nagar 3rd Main Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

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

The land classification for Anbazhagan Nagar 3rd Main Street is Residential Class I Type - I.