Guideline Value for Anderson Road

Anderson Road guideline value

The current guideline value of Anderson Road in Chinna Sembaram Bakkam village is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Sembiam SRO and is classified as Commercial Class I Type - I.

How the guideline value of Anderson Road has changed

The guideline value for Anderson Road has undergone several revisions over the years. In 2003, the value was Rs 363 per sq.ft, which increased significantly to Rs 1,333 per sq.ft in 2007, marking a change of +267%. The value then rose to Rs 2,500 per sq.ft in 2012, reflecting an increase of +88%. However, it saw a decrease to Rs 1,675 per sq.ft in 2017, a drop of -33%. The most recent revisions show a rise to Rs 2,500 per sq.ft in 2023, followed by a further increase to Rs 2,700 per sq.ft in 2024, which is an increase of +8%.

Overall, from 2003 to 2024, the guideline value has increased by +644%. It is important to note that there is no figure available for Anderson Road in the 2002 revision.

Guideline values in Chinna Sembaram Bakkam

In Chinna Sembaram Bakkam, there are 37 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 2,700 per sq.ft. The median value for these streets is Rs 1,400 per sq.ft, placing Anderson Road's 2024 figure above this median.

• Anderson Street: Rs 2,700 per sq.ft (2024)
• Ananda Vinayagan Koil Street: Rs 1,100 per sq.ft (2024)
• Appadurai Naiken 1st Lane: Rs 1,400 per sq.ft (2024)
• Appadurai Naiken 1st Street: Rs 1,400 per sq.ft (2024)
• Appadurai Naiken 2nd Lane: Rs 1,400 per sq.ft (2024)
• Appadurai Naiken 2nd Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anderson Road

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 to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anderson Road?

The Sub Registrar Office that covers Anderson Road 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 Chinna Sembaram Bakkam

The guideline value is a crucial factor when buying or selling property in Chinna Sembaram Bakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property transaction occurs, the guideline value helps in assessing the official value of the property, which can influence the overall costs involved in the sale. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anderson Road?

The current guideline value of Anderson Road 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 363 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +644% over the years.

What is the land classification for Anderson Road?

Anderson Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property on Anderson Road?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Anderson Road?

The Sembiam Sub Registrar Office is responsible for handling registrations for Anderson Road, located at 5, Papermills Road, Sembiam, Chennai - 600011.