Guideline Value for Anjugam Nagar 2nd Cross Street

Anjugam Nagar 2nd Cross Street guideline value

The current guideline value of Anjugam Nagar 2nd 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 2nd Cross Street has changed

Over the years, the guideline value for Anjugam Nagar 2nd Cross Street has seen significant changes. The earliest recorded revision was in 2007, where the value was Rs 1,000 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, remaining unchanged until the 2023 revision. In 2023, the value was again Rs 4,000 per sq.ft, but it increased by 10% to Rs 4,400 per sq.ft in the 2024 revision.

In summary, from 2007 to 2024, there has been an overall increase of 340% in the guideline value. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Anjugam Nagar 2nd Cross Street's guideline value above this median.

• Anjugam Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 19th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 3rd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar 2nd 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 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, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Anjugam Nagar 2nd Cross Street?

Anjugam Nagar 2nd Cross Street is covered by 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 during the registration of property transactions in Kolathur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, it is essential to know that the guideline value is considered the minimum value for registration purposes. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Anjugam Nagar 2nd Cross Street?

The current guideline value of Anjugam Nagar 2nd 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 increased 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 are the other streets in Kolathur with the same guideline value?

Other streets in Kolathur with a guideline value of Rs 4,400 per sq.ft include Anjugam Nagar 1st Street, Anjugam Nagar 2nd Street, Anjugam Nagar 3rd Cross Street, Anjugam Nagar 1st Cross Street, Anjugam Nagar 19th Street, and Anjugam Nagar 3rd Street.

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 the stamp duty calculated for properties in Anjugam Nagar 2nd Cross Street?

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