Guideline Value for Anjugam Nagar West

Anjugam Nagar West guideline value

The current guideline value of Anjugam Nagar West is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Anjugam Nagar West has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 1,000 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, which is a drop of 33%. The most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, reflecting a 64% increase from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the guideline value of Anjugam Nagar West above the median.

• Anjugam Nagar Extension: Rs 4,400 per sq.ft (2024)
• 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 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 West

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 and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anjugam Nagar West?

Anjugam Nagar West is covered by 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 in the registration of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers must consider this value to understand the costs associated with registration and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anjugam Nagar West?

The current guideline value of Anjugam Nagar West 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 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is a total increase of 340% over the years.

What are the other streets in Kolathur with the same guideline value?

Other streets in Kolathur with the same guideline value of Rs 4,400 per sq.ft include Anjugam Nagar Extension, Anjugam Nagar East Main Road, Anjugam Nagar 9th Cross Street, Anjugam Nagar 8th Street, Anjugam Nagar 8th Cross Street, and Anjugam Nagar 7th Street.

Where is the Sembiam Sub Registrar Office located?

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

How is stamp duty calculated in Anjugam Nagar West?

Stamp duty in Anjugam Nagar West is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.