Guideline Value for SANJAI GANTHI NAGAR

Sanjai Ganthi Nagar guideline value

The current guideline value of Sanjai Ganthi Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vallur village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sanjai Ganthi Nagar has changed

The guideline value for Sanjai Ganthi Nagar has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 335 per sq.ft. This figure increased significantly to Rs 500 per sq.ft in the 2023 revision, marking a change of 49%. As of the 2024 revision, the guideline value stands at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 551 per sq.ft. The median guideline value for these streets is Rs 220 per sq.ft, placing Sanjai Ganthi Nagar's 2024 figure above this median.

• Saraswathi Nagar: Rs 220 per sq.ft (2024)
• Sakthi Nagar: Rs 330 per sq.ft (2024)
• Sababathi Nagar/ Ext: Rs 220 per sq.ft (2024)
• Semmozhi Nagar: Rs 550 per sq.ft (2024)
• Sengam Pillai Nagar: Rs 330 per sq.ft (2024)
• Rajiv Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjai Ganthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty charged at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000. Together, the total fees would come to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sanjai Ganthi Nagar?

The Sub Registrar Office that covers Sanjai Ganthi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Vallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a buyer or seller engages in a property transaction, the guideline value is assessed to ensure that the appropriate fees are calculated. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Sanjai Ganthi Nagar?

The current guideline value of Sanjai Ganthi Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. Overall, this represents a 64% increase from 2017 to 2024.

What is the land classification of Sanjai Ganthi Nagar?

Sanjai Ganthi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles property registrations for the area.

How is the stamp duty calculated for properties in Sanjai Ganthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at a rate of 7%.