Guideline Value for Anjugam Nagar 4th Street

Anjugam Nagar 4th Street guideline value

The current guideline value of Anjugam Nagar 4th 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. The land classification for this area is Residential Class III Type - I.

How the guideline value of Anjugam Nagar 4th Street has changed

The guideline value for Anjugam Nagar 4th Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,210 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in the 2012 revision, marking a rise of 313%. However, in the 2017 revision, the value dropped to Rs 3,350 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 5,000 per sq.ft in the 2023 revision, and finally, it reached Rs 5,500 per sq.ft in the 2024 revision, which is a 10% increase.

Between the 2017 and 2023 revisions, the value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 355%. The register has no 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 for these streets is Rs 4,900 per sq.ft, making the current value of Anjugam Nagar 4th Street above the median.

• Anjugam Nagar 4th Cross Street (JPT): Rs 5,500 per sq.ft (2024)
• Anjugam Nagar 3rd Street: Rs 5,500 per sq.ft (2024)
• Anjugam Nagar 2nd 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 4th 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, bringing the total fees to Rs 4,95,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anjugam Nagar 4th Street?

The Sub Registrar Office that covers Anjugam Nagar 4th 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 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 during the transaction.

When a property is registered, the guideline value or the sale price is considered, whichever is higher. 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 4th Street?

The current guideline value of Anjugam Nagar 4th 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 are the stamp duty and registration fees for property in Anjugam Nagar 4th Street?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers Anjugam Nagar 4th Street?

The Ashok Nagar Sub Registrar Office covers Anjugam Nagar 4th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined for properties in Kodambakkam?

The guideline value for properties in Kodambakkam is determined by the Registration Department's guideline value register, which is revised periodically based on various factors.