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Guideline Value

Corporate

Guideline Value for Elango Street (Anbazhagan Nagar)

₹1900/sq.ft.

The guideline value for Elango Street (anbazhagan Nagar) in Sembiam village (Sembiam SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sembiam

Village

Sembiam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Elango Street (anbazhagan Nagar)

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Elango Street (Anbazhagan Nagar) guideline value

The current guideline value of Elango Street (Anbazhagan Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village and falls under the Sembiam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Elango Street (Anbazhagan Nagar) has changed

The guideline value for Elango Street (Anbazhagan Nagar) has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 700 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, this value dropped to Rs 1,206 per sq.ft in 2017, reflecting a decrease of 33%. The guideline value then rose to Rs 1,800 per sq.ft in 2023, before reaching the current value of Rs 1,900 per sq.ft in 2024, marking a 6% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 guideline value, there has been an increase of 171%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Elango Street (Anbazhagan Nagar) below this median.

Stamp duty and registration fee for property in Elango Street (Anbazhagan Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Elango Street (Anbazhagan Nagar)?

The Sub Registrar Office that covers Elango Street (Anbazhagan 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 Sembiam

The guideline value plays a crucial role in the registration process when buying or selling property in Sembiam. It is the basis upon which stamp duty and registration fees are calculated, ensuring that all transactions are conducted transparently and fairly.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Elango Street (Anbazhagan Nagar)?

The current guideline value of Elango Street (Anbazhagan Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, starting from Rs 700 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024. The highest increase occurred between 2007 and 2012, with a rise of 157%, followed by a decrease in 2017.

What is the median guideline value in Sembiam?

The median guideline value in Sembiam is Rs 2,700 per sq.ft. Elango Street (Anbazhagan Nagar) is below this median at Rs 1,900 per sq.ft.

What are the stamp duty and registration fees for property in Elango Street?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Elango Street located?

The Sub Registrar Office for Elango Street (Anbazhagan Nagar) is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles all registration activities for properties in the area.