Guideline Value for Anjugam Nagar 3rd Street

Anjugam Nagar 3rd Street guideline value

The current guideline value of Anjugam Nagar 3rd 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 SRO, classified as Residential Class III Type - I.

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

The guideline value has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,210 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 3,350 per sq.ft. The subsequent 2023 revision raised it to Rs 5,000 per sq.ft, followed by the current value of Rs 5,500 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 355%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

Kodambakkam village has a range of guideline values for its 1,031 streets under the Ashok Nagar SRO, with values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, placing Anjugam Nagar 3rd Street's 2024 figure above this median.

• Anjugam Nagar 2nd 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 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be 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.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anjugam Nagar 3rd Street?

The Sub Registrar Office that covers Anjugam Nagar 3rd Street is 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 details.

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

The guideline value is a critical factor in property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value serves as a benchmark for assessing the property's worth. This value is essential for calculating the financial obligations related to the transaction, ensuring that both parties are aware of the costs involved.

Frequently asked questions

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

The current guideline value of Anjugam Nagar 3rd 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 1,210 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 355% over the years.

What is the stamp duty rate for properties in Anjugam Nagar 3rd Street?

The stamp duty rate for properties in Anjugam Nagar 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anjugam Nagar 3rd Street?

The Sub Registrar Office for Anjugam Nagar 3rd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the guideline values of other streets in Kodambakkam?

Other streets in Kodambakkam have varying guideline values, with the 2024 figures ranging from Rs 2,200 to Rs 11,000 per sq.ft. Anjugam Nagar 3rd Street's value of Rs 5,500 per sq.ft is above the median of Rs 4,900 per sq.ft.