Guideline Value for Anjugam Nagar 11th Cross Street

Anjugam Nagar 11th Cross Street guideline value

The current guideline value of Anjugam Nagar 11th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam Sub Registrar Office (SRO), and is classified as Residential Special Type - I.

How the guideline value of Anjugam Nagar 11th Cross Street has changed

The guideline value of Anjugam Nagar 11th Cross Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, in 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33% from the previous revision. The value then rose to Rs 4,000 per sq.ft in 2023, and most recently, it has increased to Rs 4,400 per sq.ft in 2024, representing a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Anjugam Nagar 11th Cross Street's 2024 figure above that median.

• Anjugam Nagar 10th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 10th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 12th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 13th Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar 11th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anjugam Nagar 11th Cross Street?

The Sub Registrar Office that covers Anjugam Nagar 11th Cross 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 Kolathur

The guideline value is a critical factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Anjugam Nagar 11th Cross Street?

The current guideline value of Anjugam Nagar 11th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the other streets in Kolathur with the same guideline value?

Several other streets in Kolathur have the same guideline value of Rs 4,400 per sq.ft for 2024, including Anjugam Nagar 10th Street, Anjugam Nagar 11th Street, Anjugam Nagar 10th Cross Street, Anjugam Nagar 12th Cross Street, Anjugam Nagar 12th Street, and Anjugam Nagar 13th Cross Street.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011, and it is the office that covers Anjugam Nagar 11th Cross Street.

How is stamp duty calculated for properties in Anjugam Nagar 11th Cross Street?

Stamp duty for properties in Anjugam Nagar 11th Cross Street is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 44,00,000, the stamp duty at 7% would amount to Rs 3,08,000.