Guideline Value for SANITARY WORKERS COLONY

Sanitary Workers Colony guideline value

The current guideline value of Sanitary Workers Colony, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 2,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Sanitary Workers Colony has changed

Over the years, the guideline value for Sanitary Workers Colony has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 2,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 2,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 reflects a modest increase of 5%.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the current guideline value for Sanitary Workers Colony below this median.

• Sanjai Gandhi Nagar: Rs 2,750 per sq.ft (2024)
• Sanjay Gandhi Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Sanjay Gandhi Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Sankar Nagar: Rs 3,850 per sq.ft (2024)
• Sankar Nagar 1 To 3 Streets: Rs 3,850 per sq.ft (2024)
• Sankar Nagar Main Road: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Sanitary Workers Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, while the registration fee at 2% would be Rs 42,000, bringing the total cost for these fees to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sanitary Workers Colony?

The Sub Registrar Office that covers Sanitary Workers Colony is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions within Zaminpallavaram. It is used to determine the minimum value at which properties can be registered, ensuring that the state government receives appropriate stamp duty and registration fees based on this value.

When buying or selling a property, the guideline value is referenced to assess the applicable fees. Buyers should be aware that the final cost may vary depending on the sale price, as the duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sanitary Workers Colony?

The current guideline value of Sanitary Workers Colony is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

What is the classification of land in Sanitary Workers Colony?

Sanitary Workers Colony is classified as Residential Class IV Type - I, which indicates its intended use for residential purposes.

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

For a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 and the registration fee would be Rs 42,000, totaling Rs 1,89,000. This is applicable for a 1,000 sq.ft plot at the current guideline value.

Where can I find the Sub Registrar Office for Sanitary Workers Colony?

The Pallavaram Sub Registrar Office, which covers Sanitary Workers Colony, is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.