Guideline Value for Vetriselvi Anbazagan Nagar 5th Street

Vetriselvi Anbazagan Nagar 5th Street guideline value

The current guideline value of Vetriselvi Anbazagan Nagar 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Vetriselvi Anbazagan Nagar 5th Street has changed

The guideline value for Vetriselvi Anbazagan Nagar 5th Street has seen several revisions over the years. In 2007, the guideline value was set at Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. There was no change in the value from 2012 to 2023, where it remained at Rs 3,000 per sq.ft. The most recent revision in 2024 has raised the value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 230%. It is important to note that the register has no figures for the years 2002, 2003, and 2017 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 is Rs 3,300 per sq.ft, which is also the current figure for Vetriselvi Anbazagan Nagar 5th Street.

• Vetriselvi Anbazagan Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 8th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vetriselvi Anbazagan Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 detailed calculations.

Which Sub Registrar Office covers Vetriselvi Anbazagan Nagar 5th Street?

The Vetriselvi Anbazagan Nagar 5th Street falls under 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 plays a crucial role in property transactions in Kolathur, as it determines the minimum price at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements. The guideline value is regularly updated, reflecting changes in the real estate market, and it is advisable to check the latest figures before proceeding with any transaction.

Frequently asked questions

What is the current guideline value of Vetriselvi Anbazagan Nagar 5th Street?

The current guideline value of Vetriselvi Anbazagan Nagar 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 230% over the years.

What is the classification of land in Vetriselvi Anbazagan Nagar 5th Street?

The land in Vetriselvi Anbazagan Nagar 5th Street is classified as Residential Class I Type - I.

Where can I find the Sembiam Sub Registrar Office?

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

How is stamp duty calculated for properties in Vetriselvi Anbazagan Nagar 5th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.