Guideline Value for Anjugam Nagar 3rd Cross Street

Anjugam Nagar 3rd Cross Street guideline value

The current guideline value of Anjugam Nagar 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Special Type - I.

How the guideline value of Anjugam Nagar 3rd Cross Street has changed

The guideline value for Anjugam Nagar 3rd Cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,000 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, showing a 300% rise. The value remained unchanged at Rs 4,000 per sq.ft until the next revision in 2023.

In 2023, the guideline value was revised to Rs 4,000 per sq.ft, and then it increased by 10% to Rs 4,400 per sq.ft in the 2024 revision. 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, with 2024 guideline values 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 3rd Cross Street's current 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 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 4th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 4th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar 3rd 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, bringing the total charges 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.

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

Which Sub Registrar Office covers Anjugam Nagar 3rd Cross Street?

The Sub Registrar Office that covers Anjugam Nagar 3rd 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 is a crucial factor when registering property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges reflect the official valuation of the property.

When buying or selling property, the guideline value helps establish a fair price for registration purposes. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Anjugam Nagar 3rd Cross Street?

The current guideline value of Anjugam Nagar 3rd 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% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office is responsible for Anjugam Nagar 3rd Cross Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, is responsible for Anjugam Nagar 3rd Cross Street.

What is the land classification of Anjugam Nagar 3rd Cross Street?

Anjugam Nagar 3rd Cross Street is classified as Residential Special Type - I, indicating its suitability for residential development.