Guideline Value for Anjugam Nagar 14th Cross Street

Anjugam Nagar 14th Cross Street guideline value

The current guideline value of Anjugam Nagar 14th 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 14th Cross Street has changed

The guideline value for Anjugam Nagar 14th Cross Street has undergone several revisions over the years. In 2007, the guideline value was set at Rs 1,000 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2012, reflecting a 300% increase. However, in the subsequent revision in 2017, the value dropped to Rs 2,680 per sq.ft, marking a decrease of 33%. The most recent revision in 2024 has brought the guideline value back up to Rs 4,400 per sq.ft, representing a 64% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

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 value for these streets is Rs 3,300 per sq.ft, making the 2024 figure for Anjugam Nagar 14th Cross Street above this median.

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

Stamp duty and registration fee for property in Anjugam Nagar 14th 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, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anjugam Nagar 14th Cross Street?

The Sub Registrar Office that covers Anjugam Nagar 14th 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 when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. This is done to ensure that the government receives the appropriate revenue from property transactions. It is essential for both parties to be aware of the guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Anjugam Nagar 14th Cross Street?

The current guideline value of Anjugam Nagar 14th 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 significantly from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 340%.

What is the land classification for Anjugam Nagar 14th Cross Street?

The land classification for Anjugam Nagar 14th Cross Street is Residential Special Type - I.

Where is the Sembiam Sub Registrar Office located?

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

How is stamp duty calculated for properties in Anjugam Nagar 14th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty of Rs 3,08,000.