Guideline Value for Anjugam Nagar Extension

Anjugam Nagar Extension guideline value

The current guideline value of Anjugam Nagar Extension is Rs 4,400 per sq.ft, effective from 1 July 2024. This area 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 Extension has changed

The guideline value for Anjugam Nagar Extension has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 400 per sq.ft. This increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 150%. The 2012 revision maintained the value at Rs 4,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again set at Rs 4,000 per sq.ft, showing no change from the previous revision.

The most recent revision in 2024 raised the guideline value to Rs 4,400 per sq.ft, reflecting a 10% increase from the 2023 figure. Overall, from 2003 to 2024, the guideline value has increased by 1000%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Anjugam Nagar Extension's guideline value is above this median.

• Anjugam Nagar East Main Road: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 9th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar West: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 8th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 8th 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 Extension

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 cost for these fees 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.

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

Which Sub Registrar Office covers Anjugam Nagar Extension?

The Sub Registrar Office that covers Anjugam Nagar Extension 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 during the registration of property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the property's value.

Frequently asked questions

What is the current guideline value of Anjugam Nagar Extension?

The current guideline value of Anjugam Nagar Extension 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 significantly, increasing from Rs 400 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1000% over the years.

What is the land classification for Anjugam Nagar Extension?

Anjugam Nagar Extension is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles the registration of properties in the area.

How is the stamp duty calculated for property transactions?

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