Guideline Value for Anusiya Nagar

Anusiya Nagar guideline value

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

How the guideline value of Anusiya Nagar has changed

The guideline value for Anusiya Nagar has seen several revisions over the years. Starting from Rs 236 per sq.ft in 2002, it increased to Rs 256 per sq.ft in 2003. The value then rose significantly to Rs 700 per sq.ft in 2007, followed by a jump to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017, before climbing back to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft.

In terms of percentage changes, the guideline value increased by 8% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. The value decreased by 33% from 2012 to 2017, while it surged by 257% from 2007 to 2012. The increase from 2003 to 2007 was 173%, and from 2002 to 2003, it was 8%. Overall, from 2002 to 2024, the guideline value has increased by 1044%.

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. The guideline value for Anusiya Nagar is below this median.

• Anusiya Nagar Extension: 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

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 cost to Rs 2,43,000. The duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anusiya Nagar?

The Sub Registrar Office covering Anusiya Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price of a property.

When a property is sold, the registration fee and stamp duty are 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.

Frequently asked questions

What is the current guideline value of Anusiya Nagar?

The current guideline value of Anusiya 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 increased from Rs 236 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 1044% over this period.

What is the land classification of Anusiya Nagar?

Anusiya Nagar is classified as Residential Class II Type - I, which indicates its zoning for residential purposes.

What are the stamp duty and registration fees for properties in Anusiya Nagar?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total cost would be Rs 2,43,000.

Where is the Sub Registrar Office for Anusiya Nagar located?

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