Guideline Value for Anbazhagan Nagar 5th Cross Street

Anbazhagan Nagar 5th Cross Street guideline value

The current guideline value of Anbazhagan Nagar 5th Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village under the Sembiam SRO, classified as Residential Class II Type - I.

How the guideline value of Anbazhagan Nagar 5th Cross Street has changed

The guideline value for Anbazhagan Nagar 5th Cross Street has undergone several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012. However, there was a significant decrease to Rs 1,206 per sq.ft in 2017. The value then rose to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,900 per sq.ft as of the 2024 revision. The changes between these revisions are notable, with a 125% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a substantial increase of 49% from 2017 to 2023. The latest change from 2023 to 2024 reflects a 6% increase.

It is important to note that the register has no 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, with a median value of Rs 2,700 per sq.ft. The guideline value of Anbazhagan Nagar 5th Cross Street is below this median.

• Anbazhagan Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 5th Main Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 4th Main Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 4th Cross Street: Rs 1,900 per sq.ft (2024)
• Anbazhagan Nagar 6th Cross Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anbazhagan Nagar 5th 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 amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making the total charges Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anbazhagan Nagar 5th Cross Street?

The Sub Registrar Office covering Anbazhagan Nagar 5th Cross 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 plays a crucial role during the registration process when buying or selling property in Sembiam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anbazhagan Nagar 5th Cross Street?

The current guideline value of Anbazhagan Nagar 5th 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, reflecting an overall increase of 138% over the years.

What is the land classification of Anbazhagan Nagar 5th Cross Street?

Anbazhagan Nagar 5th Cross Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property here?

For a property valued at the current guideline value of Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles registrations for this area?

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