Guideline Value for Anbazhagan Nagar 5th Main Street

Anbazhagan Nagar 5th Main Street guideline value

The current guideline value of Anbazhagan Nagar 5th 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 SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for Anbazhagan Nagar 5th Main Street has undergone several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure dropped to Rs 1,675 per sq.ft in 2017, marking a decrease of 33%. From 2017 to 2023, the value saw a substantial increase of 49%, reaching Rs 2,500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an 8% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 238%, reflecting the changes in the property market over the years.

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 5th Main Street's 2024 guideline value is equal to this median.

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

Stamp duty and registration fee for property in Anbazhagan Nagar 5th Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total 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.

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

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

The Sub Registrar Office that covers Anbazhagan Nagar 5th 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

The guideline value is a crucial 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 the transaction.

When a property is sold, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue based on the property's assessed value.

Frequently asked questions

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

The current guideline value of Anbazhagan Nagar 5th 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, reflecting an overall increase of 238% over the years.

What is the land classification for Anbazhagan Nagar 5th Main Street?

The land classification for Anbazhagan Nagar 5th Main Street is Residential Class I Type - I.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Sembiam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.