Guideline Value for Anderson Street

Anderson Street guideline value

The current guideline value of Anderson Street 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 Sub Registrar Office and is classified as Commercial Class I Type - I.

How the guideline value of Anderson Street has changed

The guideline value for Anderson Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,333 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in the 2017 revision. The value then rose significantly to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft following the 2024 revision. The register has no figures for the years 2002 and 2003.

In terms of percentage changes, the value increased by 88% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a substantial rise of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 8%. Overall, from 2007 to 2024, the guideline value has increased by 103%.

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 Street's 2024 figure above this median.

• Anderson Road: 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 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 together 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 details.

Which Sub Registrar Office covers Anderson Street?

The Sub Registrar Office that covers Anderson 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 Chinna Sembaram Bakkam

The guideline value is a critical factor in the registration process for property transactions in Chinna Sembaram Bakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anderson Street?

The current guideline value of Anderson 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 1,333 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting several revisions over the years.

What is the classification of land on Anderson Street?

Anderson Street is classified as Commercial Class I Type - I under the guideline value register.

Where is the Sub Registrar Office for Anderson Street located?

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

How is stamp duty calculated for properties on Anderson Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.