Guideline Value for Anjugam Nagar 17th Street

Anjugam Nagar 17th Street guideline value

The current guideline value of Anjugam Nagar 17th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, with a land classification of Residential Special Type - I.

How the guideline value of Anjugam Nagar 17th Street has changed

The guideline value for Anjugam Nagar 17th Street has undergone several revisions over the years. In 2007, the guideline value was set at Rs 1,000 per sq.ft, which remained unchanged until the 2012 revision, where it was still Rs 4,000 per sq.ft. There was a significant increase of 300% from 2007 to 2012. The value stayed the same until the 2023 revision, which also recorded Rs 4,000 per sq.ft. The latest revision in 2024 shows an increase of 10%, bringing the guideline value to Rs 4,400 per sq.ft.

There are no recorded figures for the years 2002, 2003, and 2017 for Anjugam Nagar 17th 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 of these streets is Rs 3,300 per sq.ft, positioning Anjugam Nagar 17th Street above this median.

• Anjugam Nagar 17th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 18th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 16th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 18th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 16th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 19th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar 17th 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. Together, the total charges would be 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anjugam Nagar 17th Street?

The Sub Registrar Office that covers Anjugam Nagar 17th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kolathur

The guideline value plays a crucial role in the registration process of property transactions in Kolathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. Ensuring compliance with the guideline value helps in avoiding legal issues during the registration process.

Frequently asked questions

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

The current guideline value of Anjugam Nagar 17th 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 17th Street?

Anjugam Nagar 17th Street is classified as 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 property transactions?

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