Guideline Value

Corporate

Guideline Value for SANJAY GANDHI NAGAR

₹2750/sq.ft.

The guideline value for Sanjay Gandhi Nagar 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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹110 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹87 /sq.ft.
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

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Sanjay Gandhi Nagar guideline value

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

How the guideline value of Sanjay Gandhi Nagar has changed

The guideline value for Sanjay Gandhi Nagar has seen several revisions over the years. Starting from Rs 87 per sq.ft in 2002, it increased to Rs 110 per sq.ft in 2003. The value then rose significantly to Rs 500 per sq.ft in 2007, followed by a further increase to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017 before climbing back to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 3061%. The revisions for 2012 to 2017 show a decrease of 33%, while the 2017 to 2023 revision saw a significant increase of 49%. There are no figures available in the register for any other years regarding 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 value for these streets is Rs 3,190 per sq.ft, placing Sanjay Gandhi Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Sanjay Gandhi Nagar

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, while the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sanjay Gandhi Nagar?

The Sub Registrar Office that covers Sanjay Gandhi Nagar 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Perumalagaram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial aspects of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sanjay Gandhi Nagar?

The current guideline value of Sanjay Gandhi Nagar 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 87 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, with various revisions in between, including a significant increase of 3061% overall.

What are the other streets in Perumalagaram with similar guideline values?

Other streets in Perumalagaram with a guideline value of Rs 2,750 per sq.ft in 2024 include Sanjay Gandhi Nagar 1st Cross, Sanjay Gandhi Nagar 2nd Cross, and Sanjay Gandhi Nagar Main Road.

What are the stamp duty and registration fees for property in Sanjay Gandhi Nagar?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office should I visit for properties in Sanjay Gandhi Nagar?

The Chennai South Joint II Sub Registrar Office covers properties in Sanjay Gandhi Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.