Guideline Value for Anbazhagan Nagar 6th Street

Anbazhagan Nagar 6th Street guideline value

The current guideline value of Anbazhagan Nagar 6th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Anbazhagan Nagar 6th Street has changed

The guideline value for Anbazhagan Nagar 6th Street has seen several revisions over the years. The 2007 revision set the value at Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in the 2012 revision. However, the value decreased to Rs 1,675 per sq.ft in the 2017 revision before rising to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 has brought the guideline value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision is an increase of 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 value is Rs 2,700 per sq.ft, which is equal to the guideline value of Anbazhagan Nagar 6th Street.

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

Stamp duty and registration fee for property in Anbazhagan Nagar 6th 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 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 and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anbazhagan Nagar 6th Street?

Anbazhagan Nagar 6th Street is covered by 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 when registering property transactions in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anbazhagan Nagar 6th Street?

The current guideline value of Anbazhagan Nagar 6th 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, marking an overall increase of 238%.

What is the stamp duty for property in Anbazhagan Nagar 6th Street?

The stamp duty for property in Anbazhagan Nagar 6th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

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

How is the guideline value determined for properties in Sembiam?

The guideline value is determined by the Registration Department and is based on various factors, including the location and classification of the property.