Guideline Value for Anjugam Nagar 11th Street

Anjugam Nagar 11th Street guideline value

The current guideline value of Anjugam Nagar 11th 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 Street has changed

Over the years, the guideline value of Anjugam Nagar 11th Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, representing a 33% drop. Following this, the value surged to Rs 4,000 per sq.ft in 2023, and further increased to Rs 4,400 per sq.ft in 2024, which is a 10% rise from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. The overall increase from the 2007 revision to the 2024 revision is 340%, reflecting significant changes over the years.

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 in this area is Rs 3,300 per sq.ft, placing Anjugam Nagar 11th Street's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anjugam Nagar 11th Street?

The Anjugam Nagar 11th Street falls under the jurisdiction of 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 crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared against 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 based on the property's value.

Frequently asked questions

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

The current guideline value of Anjugam Nagar 11th 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 significantly, from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 340%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty at 7% is Rs 3,08,000, and the registration fee at 2% is Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office handles registrations for Anjugam Nagar 11th Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Anjugam Nagar 11th Street.

What is the median guideline value for streets in Kolathur?

The median guideline value for streets in Kolathur is Rs 3,300 per sq.ft, with Anjugam Nagar 11th Street's value above this median at Rs 4,400 per sq.ft.