Guideline Value for Anjugam Nagar 18th Cross Street

Anjugam Nagar 18th Cross Street guideline value

The current guideline value of Anjugam Nagar 18th 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 18th Cross Street has changed

Over the years, the guideline value of Anjugam Nagar 18th Cross Street has undergone several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a change of 300%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is a 10% increase from the 2012 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, 2017, and 2023 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 have 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 guideline value of Anjugam Nagar 18th Cross Street above this median.

• Anjugam Nagar 17th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 18th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 17th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 19th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 16th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar 18th 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, and the registration fee at 2% would be Rs 88,000. Together, the total cost for these fees 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anjugam Nagar 18th Cross Street?

The Sub Registrar Office that covers Anjugam Nagar 18th 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 plays a crucial role in the registration process of property transactions in Kolathur. It is the minimum value set by the government for the purpose of calculating stamp duty and registration fees. Buyers and sellers must ensure that the sale price is not lower than the guideline value to avoid legal issues during registration.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value of Anjugam Nagar 18th Cross Street?

The current guideline value of Anjugam Nagar 18th 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 from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 340%.

Are there any years with no recorded guideline value for this street?

Yes, there are no recorded figures for the years 2002, 2003, 2017, and 2023 for Anjugam Nagar 18th Cross Street.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Anjugam Nagar 18th Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Sembiam Sub Registrar Office, which covers Anjugam Nagar 18th Cross Street, is located at 5, Papermills Road, Sembiam, Chennai - 600011.