Guideline Value for Anjugam Nagar 19th Street

Anjugam Nagar 19th Street guideline value

The current guideline value of Anjugam Nagar 19th 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. The land classification for this area is Residential Special Type - I.

How the guideline value of Anjugam Nagar 19th Street has changed

The guideline value for Anjugam Nagar 19th Street has seen significant changes over the years. In 2003, the value was Rs 388 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a substantial rise of 158%. By 2012, the value further escalated to Rs 4,000 per sq.ft, reflecting a remarkable increase of 300%. The latest revision in 2024 has set the guideline 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 registered figures for Anjugam Nagar 19th Street in the years 2023, 2017, and 2002. Overall, from 2003 to 2024, the guideline value has increased by 1034%.

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 19th Street's current guideline value is above this median.

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

Stamp duty and registration fee for property in Anjugam Nagar 19th 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, 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 19th Street?

Anjugam Nagar 19th Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your SRO, you can visit 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 of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential costs to consider during the transaction. This ensures that both buyers and sellers are aware of the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Anjugam Nagar 19th Street?

The current guideline value of Anjugam Nagar 19th 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 increased from Rs 388 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 1034% over this period.

What is the land classification for Anjugam Nagar 19th Street?

The land classification for Anjugam Nagar 19th 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 is stamp duty calculated for properties in Kolathur?

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