Guideline Value for Anjugam Street (M.G.R.Nagar)

Anjugam Street (M.G.R.Nagar) guideline value

The current guideline value of Anjugam Street (M.G.R.Nagar) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. It is classified as Residential Class IV Type - II.

How the guideline value of Anjugam Street (M.G.R.Nagar) has changed

The guideline value for Anjugam Street (M.G.R.Nagar) has undergone several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft. However, it decreased to Rs 2,010 per sq.ft in 2017, marking a reduction of 33%. The value then saw a significant increase to Rs 3,000 per sq.ft in 2023, followed by another increase to Rs 3,300 per sq.ft in 2024, reflecting a 10% rise from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2012 to 2024, there has been a 10% increase. This indicates fluctuations in the guideline value over the years, influenced by various factors.

Guideline values in Kodambakkam

Kodambakkam village has a range of guideline values across its 1,031 streets under the Ashok Nagar SRO, with values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Anjugam Street's 2024 figure below that median.

• Anjugam Nagar Main Road: Rs 5,500 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 Street (M.G.R.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anjugam Street (M.G.R.Nagar)?

The Sub Registrar Office that covers Anjugam Street (M.G.R.Nagar) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that the guideline value can differ significantly from the actual sale price, impacting the overall costs involved in the transaction.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Anjugam Street (M.G.R.Nagar)?

The current guideline value of Anjugam Street (M.G.R.Nagar) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Anjugam Street (M.G.R.Nagar)?

Anjugam Street (M.G.R.Nagar) is classified as Residential Class IV Type - II.

What are the guideline values of other streets in Kodambakkam?

Other streets in Kodambakkam have guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. Anjugam Street's 2024 figure is below this median.

Where is the Sub Registrar Office for Anjugam Street (M.G.R.Nagar)?

The Sub Registrar Office for Anjugam Street (M.G.R.Nagar) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.