Guideline Value for Anjugam Nagar 1st Street

Anjugam Nagar 1st Street guideline value

The current guideline value of Anjugam Nagar 1st Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Anjugam Nagar 1st Street has changed

The guideline value for Anjugam Nagar 1st Street has seen several revisions over the years. In 2007, the value was Rs 1,860 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017. Following this, the value rose to Rs 5,000 per sq.ft in 2023 and has now reached Rs 5,500 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 196%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making the current value of Anjugam Nagar 1st Street above the median.

• Anjugam Nagar 2nd Street: Rs 5,500 per sq.ft (2024)
• Anjugam Nagar 3rd Street: Rs 5,500 per sq.ft (2024)
• Anjugam Nagar 4th Cross Street (JPT): Rs 5,500 per sq.ft (2024)
• Anjugam Nagar 4th Street: Rs 5,500 per sq.ft (2024)
• Anjugam Nagar Main Road: Rs 5,500 per sq.ft (2024)
• Anjugam Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anjugam Nagar 1st Street?

The Anjugam Nagar 1st Street is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anjugam Nagar 1st Street?

The current guideline value of Anjugam Nagar 1st Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,860 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, representing an overall increase of 196% over the years.

What is the land classification for Anjugam Nagar 1st Street?

Anjugam Nagar 1st Street is classified as Residential Class III Type - I.

What are the stamp duty rates for properties in Anjugam Nagar 1st Street?

The stamp duty for properties in Anjugam Nagar 1st Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration for properties in Anjugam Nagar 1st Street?

The Ashok Nagar Sub Registrar Office handles the registration for properties in Anjugam Nagar 1st Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.