Guideline Value for Anjugam Nagar 15th Street

Anjugam Nagar 15th Street guideline value

The current guideline value of Anjugam Nagar 15th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Special Type - I.

How the guideline value of Anjugam Nagar 15th Street has changed

Over the years, the guideline value for Anjugam Nagar 15th Street has seen significant changes. In the 2007 revision, the value was Rs 1,000 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 300%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 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, with a median value of Rs 3,300 per sq.ft. Anjugam Nagar 15th Street's 2024 guideline value is above this median.

• Anjugam Nagar 15th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 16th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 14th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 16th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 14th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 17th Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar 15th 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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to 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 detailed calculations.

Which Sub Registrar Office covers Anjugam Nagar 15th Street?

The Sub Registrar Office covering Anjugam Nagar 15th 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 plays a crucial role in property transactions in Kolathur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anjugam Nagar 15th Street?

The current guideline value of Anjugam Nagar 15th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 4,400 per sq.ft in 2024, marking a total increase of 340% over the years.

What is the land classification for Anjugam Nagar 15th Street?

Anjugam Nagar 15th Street is classified as Residential Special Type - I.

Where can I find the Sembiam Sub Registrar Office?

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

How is the stamp duty calculated for properties in Anjugam Nagar 15th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.