Guideline Value for SANJAY GANDHI NAGAR 3RD STREET

Sanjay Gandhi Nagar 3rd Street guideline value

The current guideline value of Sanjay Gandhi Nagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Sanjay Gandhi Nagar 3rd Street has changed

The guideline value for Sanjay Gandhi Nagar 3rd Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,675 per sq.ft, marking a decline of 33%. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. 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 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 guideline value in this village is Rs 3,300 per sq.ft, indicating that the 2024 guideline value of Sanjay Gandhi Nagar 3rd Street is below this median.

• Sanjay Gandhi Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Sanjai Gandhi Nagar: Rs 2,750 per sq.ft (2024)
• Sanitary Workers Colony: Rs 2,100 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 Sanjay Gandhi Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the 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.

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

Which Sub Registrar Office covers Sanjay Gandhi Nagar 3rd Street?

The Sub Registrar Office that covers Sanjay Gandhi Nagar 3rd Street 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The authorities refer to the guideline value to ensure that the correct fees are applied based on the property's worth.

Buyers and sellers should be aware that the guideline value is set by the government and is subject to periodic revisions. It is essential to check the latest figures to understand the financial implications of property transactions in the area.

Frequently asked questions

What is the current guideline value of Sanjay Gandhi Nagar 3rd Street?

The current guideline value of Sanjay Gandhi Nagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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 3rd Street?

Sanjay Gandhi Nagar 3rd Street is classified as Residential Class II Type - I according to the guidelines set by the government.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sanjay Gandhi Nagar 3rd Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.