Guideline Value for Anusiya Nagar Extension

Anusiya Nagar Extension guideline value

The current guideline value of Anusiya Nagar Extension is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village and falls under the Sembiam SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Anusiya Nagar Extension has changed

The guideline value for Anusiya Nagar Extension has seen several revisions over the years. In 2003, the guideline value was Rs 256 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2007. The value then rose dramatically by 257% to Rs 2,500 per sq.ft in 2012. However, it decreased by 33% to Rs 1,675 per sq.ft in 2017. The most recent revisions show an increase to Rs 2,500 per sq.ft in 2023, and then a further increase of 8% to the current value of Rs 2,700 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 955%. It is important to note that the register has no figure for the year 2002 for this street.

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. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Anusiya Nagar Extension's 2024 figure below that median.

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

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, making the total fees 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anusiya Nagar Extension?

The Sub Registrar Office that covers Anusiya Nagar Extension is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration of property transactions in Kolathur. It determines the minimum value at which a property can be registered and affects the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Anusiya Nagar Extension?

The current guideline value of Anusiya Nagar Extension 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 significantly from Rs 256 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 955% over the years.

What is the land classification for Anusiya Nagar Extension?

Anusiya Nagar Extension is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Anusiya Nagar Extension?

The Sembiam Sub Registrar Office, which covers Anusiya Nagar Extension, is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for property in Anusiya Nagar Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at the rate of 7%.