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Guideline Value

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Guideline Value for SANJAY GANDHI NAGAR 1ST CROSS

₹2750/sq.ft.

The guideline value for Sanjay Gandhi Nagar 1st Cross in Perumalagaram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perumalagaram

Village

Chennai South Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sanjay Gandhi Nagar 1st Cross

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Sanjay Gandhi Nagar 1st Cross guideline value

The current guideline value of Sanjay Gandhi Nagar 1st Cross is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Perumalagaram village, under the Chennai South Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sanjay Gandhi Nagar 1st Cross has changed

Over the years, the guideline value of Sanjay Gandhi Nagar 1st Cross has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and further rose to Rs 2,750 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 825 to Rs 7,920 per sq.ft. The median guideline value for these streets is Rs 3,190 per sq.ft, placing Sanjay Gandhi Nagar 1st Cross's 2024 figure below that median.

Stamp duty and registration fee for property in Sanjay Gandhi Nagar 1st Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sanjay Gandhi Nagar 1st Cross?

The Sanjay Gandhi Nagar 1st Cross falls under the jurisdiction of the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is used as a benchmark for property transactions in Perumalagaram. During the registration process, the property will be assessed based on this value to determine the applicable stamp duty and registration fees.

When buying or selling property, it is essential to understand that the guideline value influences the overall costs involved in the transaction. The higher of the guideline value or the sale price will be considered for calculating these fees.

Frequently asked questions

What is the current guideline value of Sanjay Gandhi Nagar 1st Cross?

The current guideline value of Sanjay Gandhi Nagar 1st Cross is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Sanjay Gandhi Nagar 1st Cross?

Sanjay Gandhi Nagar 1st Cross is classified as Residential Class I Type - II.

What is the median guideline value in Perumalagaram?

The median guideline value for the 74 streets in Perumalagaram is Rs 3,190 per sq.ft, which means Sanjay Gandhi Nagar 1st Cross's value is below this median.

Where can I find the Sub Registrar Office for Sanjay Gandhi Nagar 1st Cross?

The Sub Registrar Office for Sanjay Gandhi Nagar 1st Cross is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.