Guideline Value for Anjugam Nagar 5th Street

Anjugam Nagar 5th Street guideline value

The current guideline value of Anjugam Nagar 5th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village 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 5th Street has changed

The guideline value for Anjugam Nagar 5th Street has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, this value decreased to Rs 2,680 per sq.ft in 2017, representing a reduction of 33%. The value then rose sharply to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. 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 a 2024 guideline value 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 5th Street's current value above this median.

• Anjugam Nagar 5th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 6th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 6th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 7th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 7th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for stamp duty and registration would be Rs 3,96,000. Please 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 5th Street?

Anjugam Nagar 5th Street falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees based on the property's value. This ensures that all transactions are transparent and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Anjugam Nagar 5th Street?

The current guideline value of Anjugam Nagar 5th 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, showing an overall increase of 340% over the years.

What is the stamp duty for property in Anjugam Nagar 5th Street?

The stamp duty for property in Anjugam Nagar 5th Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What are the guideline values of other streets in Kolathur?

Other streets in Kolathur have a guideline value of Rs 4,400 per sq.ft for multiple streets, including Anjugam Nagar 5th Cross Street, 6th Cross Street, and others, all maintaining the same rate for 2024.