Guideline Value for Anbazhagan Nagar 5th Street

Anbazhagan Nagar 5th Street guideline value

The current guideline value of Anbazhagan Nagar 5th 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 Street has changed

The guideline value for Anbazhagan Nagar 5th Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 800 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 213% rise. However, in 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a 33% drop. The value then rose to Rs 2,500 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 2,700 per sq.ft, an increase of 8% from the previous year.

There are no recorded figures for Anbazhagan Nagar 5th Street in the years 2002 and 2003. 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 guideline value for 2024, ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is the same as the guideline value for Anbazhagan Nagar 5th Street.

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

Stamp duty and registration fee for property in Anbazhagan Nagar 5th 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, totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Anbazhagan Nagar 5th Street?

The Sub Registrar Office that covers Anbazhagan Nagar 5th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor in the property registration process in Sembiam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price based on the area's market conditions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of Anbazhagan Nagar 5th 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%.

What are the stamp duty and registration fees for property in Anbazhagan Nagar 5th Street?

The stamp duty is 7% and the registration fee is 2%. For a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Which Sub Registrar Office is responsible for Anbazhagan Nagar 5th Street?

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

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

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