Guideline Value for Anthony Nagar

Anthony Nagar guideline value

The current guideline value of Anthony Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village under the Sembiam Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Anthony Nagar has changed

The guideline value of Anthony Nagar has seen several revisions over the years. In 2007, the value was set at Rs 1,000 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The 2023 revision raised the value to Rs 2,500 per sq.ft, and the current revision for 2024 is Rs 2,700 per sq.ft. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 8%. The overall change from 2007 to 2024 is an increase of 170%. The fluctuations in the guideline value reflect the various economic factors influencing property pricing in the area.

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. Anthony Nagar's 2024 figure is below this median.

• Anusiya Nagar: Rs 2,700 per sq.ft (2024)
• Anusiya Nagar Extension: Rs 2,700 per sq.ft (2024)
• Anna Street: Rs 2,700 per sq.ft (2024)
• Anna Nagar / Aringar Anna Nagar: Rs 2,700 per sq.ft (2024)
• Arjunan Nagar: Rs 2,700 per sq.ft (2024)
• Arul Selvi Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Anthony Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anthony Nagar?

The Sub Registrar Office covering Anthony Nagar 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 in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anthony Nagar?

The current guideline value of Anthony Nagar is Rs 2,700 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 2,700 per sq.ft in 2024, marking a total increase of 170% over the years.

What are the stamp duty rates for properties in Anthony Nagar?

The stamp duty rate for properties in Anthony Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sembiam Sub Registrar Office?

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

What is the median guideline value in Kolathur?

The median guideline value in Kolathur is Rs 3,300 per sq.ft, while Anthony Nagar's current guideline value is below this median.