Guideline Value for Saint Anthoni Nagar

Saint Anthoni Nagar guideline value

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

How the guideline value of Saint Anthoni Nagar has changed

Over the years, the guideline value of Saint Anthoni Nagar has seen several revisions. Starting from Rs 132 per sq.ft in 2003, it increased significantly to Rs 1,000 per sq.ft in 2007, marking a change of +658%. The value then rose to Rs 2,500 per sq.ft in 2012, reflecting a growth of +150%. However, it decreased to Rs 1,675 per sq.ft in 2017, a drop of -33%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase of +61% from 2017.

It is important to note that there are no figures available for the revisions in 2023 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by +1945%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing the guideline value of Saint Anthoni Nagar below this median.

• Sai Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sai Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Sai Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Sai Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Samundariya Colony 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Samundariya Colony 1st Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Saint Anthoni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saint Anthoni Nagar?

The Sub Registrar Office that covers Saint Anthoni 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 property transactions in Kolathur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with local regulations. This helps in avoiding any legal issues that may arise from undervaluing or overvaluing a property during the registration process.

Frequently asked questions

What is the current guideline value of Saint Anthoni Nagar?

The current guideline value of Saint Anthoni 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 132 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, marking an overall increase of +1945% over the years.

What is the land classification for Saint Anthoni Nagar?

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

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles property registrations for the area.

How is the stamp duty calculated for properties in Saint Anthoni Nagar?

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