Guideline Value for Anjugam Nagar 17th Cross Street

Anjugam Nagar 17th Cross Street guideline value

The current guideline value of Anjugam Nagar 17th 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 17th Cross Street has changed

Over the years, the guideline value for Anjugam Nagar 17th Cross 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 stayed at Rs 4,000 per sq.ft. From 2012 to 2023, there was no change, maintaining the value at Rs 4,000 per sq.ft. The 2023 revision saw an increase to Rs 4,400 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 340%. The revisions for the years 2017, 2003, and 2002 do not have any figures recorded for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Anjugam Nagar 17th Cross Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Anjugam Nagar 17th 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 amounts to Rs 44,00,000. The stamp duty, calculated 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 17th Cross Street?

The Sub Registrar Office that covers Anjugam Nagar 17th 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 in property transactions in Kolathur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is officially recognized by the government.

Frequently asked questions

What is the current guideline value of Anjugam Nagar 17th Cross Street?

The current guideline value of Anjugam Nagar 17th 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, increasing from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is a total increase of 340% over the years.

What are the stamp duty and registration fees for property 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 office handles property registrations for Anjugam Nagar 17th Cross Street?

The Sembiam Sub Registrar Office is responsible for property registrations in Anjugam Nagar 17th Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum registration value and the associated stamp duty and registration fees. It is important for buyers and sellers to be aware of this value to ensure proper compliance during property transactions.