Guideline Value for Anjugam Nagar 18th Street

Anjugam Nagar 18th Street guideline value

The current guideline value of Anjugam Nagar 18th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, 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 Street has changed

Over the years, the guideline value of Anjugam Nagar 18th Street has seen significant changes. The earliest recorded revision was in 2007, setting the value at Rs 1,000 per sq.ft. This figure increased dramatically to Rs 4,000 per sq.ft in the 2012 revision, reflecting a 300% rise. The most recent revision in 2024 raised the guideline value to Rs 4,400 per sq.ft, marking a 10% increase from the 2012 figure.

From 2007 to 2024, the overall increase in guideline value is 340%. Notably, there are no recorded figures for the years 2002, 2003, 2017, and 2023 for this street.

Guideline values in Kolathur

Kolathur village features a variety of guideline values across its 879 streets under the Sembiam SRO, with figures ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Anjugam Nagar 18th Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Anjugam Nagar 18th 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 cost for these fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and 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 Street?

Anjugam Nagar 18th Street falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of Anjugam Nagar 18th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 4,400 per sq.ft in 2024, representing an overall increase of 340%.

What is the land classification for Anjugam Nagar 18th Street?

The land classification for Anjugam Nagar 18th Street is 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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the total fees would include a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000.