Guideline Value for Anjugam Nagar Main Road

Anjugam Nagar Main Road guideline value

The current guideline value of Anjugam Nagar Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This road is located in Kodambakkam village, under the Ashok Nagar Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Anjugam Nagar Main Road has changed

The guideline value for Anjugam Nagar Main Road has seen several revisions over the years. In 2007, the value was Rs 1,460 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017. The next revision in 2023 saw a rise to Rs 5,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 5,500 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall increase in guideline value is 277%. The change from 2012 to 2017 was a decrease of 33%, while the jump from 2017 to 2023 was an increase of 49%. The latest revision from 2023 to 2024 reflects a 10% rise in the guideline value.

Guideline values in Kodambakkam

Within Kodambakkam village, 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, placing Anjugam Nagar Main Road's 2024 figure above this median.

• Anjugam Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Anjugam Nagar 4th Street: Rs 5,500 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Anjugam Nagar Main Road

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, charged at 7%, would be 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. 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 further calculations.

Which Sub Registrar Office covers Anjugam Nagar Main Road?

The Sub Registrar Office that covers Anjugam Nagar Main Road is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the higher value between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Anjugam Nagar Main Road?

The current guideline value of Anjugam Nagar Main Road 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 1,460 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 277% over the years.

What are the registration fees for property in Anjugam Nagar Main Road?

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 is responsible for Anjugam Nagar Main Road?

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

What is the land classification for Anjugam Nagar Main Road?

The land classification for Anjugam Nagar Main Road is Residential Class III Type - I.