Guideline Value for Anjugam Nagar 16th Street

Anjugam Nagar 16th Street guideline value

The current guideline value of Anjugam Nagar 16th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Special Type - I.

How the guideline value of Anjugam Nagar 16th Street has changed

Over the years, the guideline value of Anjugam Nagar 16th Street has seen significant changes. The 2007 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2012 revision, where it was still Rs 4,000 per sq.ft. The next revision in 2023 maintained this value, but the 2024 revision increased it to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

The most notable change occurred between the 2007 and 2012 revisions, where the value surged by 300%. Overall, from 2007 to 2024, the guideline value has increased by 340%. There are no figures available for the years 2002, 2003, and 2017 for this street in the register.

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 16th Street's 2024 figure of Rs 4,400 per sq.ft is above this median.

• Anjugam Nagar 16th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 17th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 17th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 15th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 18th Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar 16th 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, and the registration fee at 2% would be Rs 88,000, bringing the total fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anjugam Nagar 16th Street?

The Sub Registrar Office that covers Anjugam Nagar 16th 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 property transactions in Kolathur. It serves as the basis for calculating the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with local regulations.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency in property transactions and helps the government collect appropriate taxes.

Frequently asked questions

What is the current guideline value of Anjugam Nagar 16th Street?

The current guideline value of Anjugam Nagar 16th 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 a total increase of 340% over this period.

What is the land classification for Anjugam Nagar 16th Street?

Anjugam Nagar 16th Street is classified as Residential Special Type - I, indicating its suitability for residential developments.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles property registrations for the area.

How is the stamp duty calculated for properties in Kolathur?

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