Guideline Value for Vetriselvi Anbazagan Nagar 6th Street

Vetriselvi Anbazagan Nagar 6th Street guideline value

The current guideline value of Vetriselvi Anbazagan Nagar 6th 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Vetriselvi Anbazagan Nagar 6th Street has changed

The guideline value for Vetriselvi Anbazagan Nagar 6th Street has seen significant changes over the years. The earliest available revision from 2007 set the value at Rs 1,000 per sq.ft. This figure rose dramatically to Rs 3,000 per sq.ft in both the 2012 and 2023 revisions, reflecting a 200% increase from 2007 to 2012. However, there was no change from 2012 to 2023. The most recent revision in 2024 has increased the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with the median value being Rs 3,300 per sq.ft. The guideline value of Vetriselvi Anbazagan Nagar 6th Street aligns with this median.

• Vetriselvi Anbazagan Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Vetriselvi Anbazagan Nagar 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vetriselvi Anbazagan Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and 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 6th Street?

The Sub Registrar Office that covers Vetriselvi Anbazagan Nagar 6th Street 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 plays a crucial role in the registration process when buying or selling property in Kolathur. It is used to determine the minimum value at which a property can be registered, ensuring that the transaction is documented accurately 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 calculate stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Vetriselvi Anbazagan Nagar 6th Street?

The current guideline value for Vetriselvi Anbazagan Nagar 6th 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 a total increase of 230% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this street?

The Sembiam Sub Registrar Office covers Vetriselvi Anbazagan Nagar 6th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Vetriselvi Anbazagan Nagar 6th Street?

The land classification for Vetriselvi Anbazagan Nagar 6th Street is Residential Class I Type - I.