Guideline Value for Anjugam Nagar 13th Cross Street

Anjugam Nagar 13th Cross Street guideline value

The current guideline value of Anjugam Nagar 13th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Anjugam Nagar 13th Cross Street has changed

The guideline value for Anjugam Nagar 13th Cross Street has seen several revisions over the years. In 2007, the guideline 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, this value decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year. Notably, the register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The changes from 2017 to 2023 show a substantial increase of 49%, indicating a notable shift in the valuation of this property 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, with a median value of Rs 3,300 per sq.ft. Anjugam Nagar 13th Cross Street's guideline value of Rs 4,400 per sq.ft is above this median.

• Anjugam Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 12th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 14th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 14th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar 13th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees 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.

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

Which Sub Registrar Office covers Anjugam Nagar 13th Cross Street?

The Sub Registrar Office that covers Anjugam Nagar 13th 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 crucial factor during the registration of property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anjugam Nagar 13th Cross Street?

The current guideline value of Anjugam Nagar 13th 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, marking an overall increase of 340% over the years.

What is the land classification for Anjugam Nagar 13th Cross Street?

Anjugam Nagar 13th Cross Street is classified as Residential Special Type - I.

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 would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers this street?

The Sembiam Sub Registrar Office covers Anjugam Nagar 13th Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.