Guideline Value for Anbazhagan Nagar 4th Street

Anbazhagan Nagar 4th Street guideline value

The current guideline value of Anbazhagan Nagar 4th 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Anbazhagan Nagar 4th Street has changed

The guideline value for Anbazhagan Nagar 4th Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 800 per sq.ft. This figure increased significantly to Rs 2,500 per sq.ft in 2012, marking a 213% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, reflecting a 33% drop. The value climbed again to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 2,700 per sq.ft, which is an 8% increase from the previous year.

It is important to note that there are no recorded figures 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 238%.

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 guideline value is Rs 2,700 per sq.ft, which aligns with the current value for Anbazhagan Nagar 4th Street.

• Anbazhagan Nagar 4th Main Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 5th Cross Street: Rs 1,900 per sq.ft (2024)
• Anbazhagan Nagar 4th Cross Street: Rs 1,900 per sq.ft (2024)
• Anbazhagan Nagar 5th Main Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 5th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Anbazhagan Nagar 4th 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 cost for these fees 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.

To calculate your specific fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbazhagan Nagar 4th Street?

The Sub Registrar Office that covers Anbazhagan Nagar 4th 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 critical factor in the registration process when buying or selling property in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is documented accurately and fairly. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Anbazhagan Nagar 4th Street?

The current guideline value of Anbazhagan Nagar 4th 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, reflecting an overall increase of 238% over this period.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,43,000.

Where can I find the Sub Registrar Office for Anbazhagan Nagar 4th Street?

The Sub Registrar Office for Anbazhagan Nagar 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Anbazhagan Nagar 4th Street?

The land classification for Anbazhagan Nagar 4th Street is Residential Class I Type - I.