Guideline Value for Anjugam Nagar 13th Street

Anjugam Nagar 13th Street guideline value

The current guideline value of Anjugam Nagar 13th 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 13th Street has changed

The guideline value of Anjugam Nagar 13th Street has undergone several revisions over the years. In 2007, the value was set at 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%.

As of the 2024 revision, the guideline value stands at Rs 4,400 per sq.ft, representing a substantial increase of 64% from the 2017 figure. Overall, from 2007 to 2024, there has been a total increase of 340% in the guideline value.

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. The guideline value of Anjugam Nagar 13th Street is above this median.

• Anjugam Nagar 13th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 14th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 14th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 12th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 15th Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar 13th 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, bringing the total to Rs 3,96,000. Duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anjugam Nagar 13th Street?

The Sub Registrar Office that covers Anjugam Nagar 13th 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 in the registration process when buying or selling property in Kolathur. It determines the minimum value at which the property must be registered, ensuring that the transaction is documented accurately.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

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

The current guideline value of Anjugam Nagar 13th 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 Street?

Anjugam Nagar 13th Street is classified as Residential Special Type - I under the current guidelines.

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

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Where is the Sembiam Sub Registrar Office located?

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