Guideline Value for SANJAY NAGAR

Sanjay Nagar guideline value

The current guideline value of Sanjay Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Sanjay Nagar has changed

The guideline value register for Sanjay Nagar has no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures available are from the 2023 revision, which was set at Rs 500 per sq.ft. In the 2024 revision, the guideline value increased to Rs 550 per sq.ft, representing a change of +10% from the previous year.

In summary, the 2023 revision was Rs 500 per sq.ft, and the 2024 revision is Rs 550 per sq.ft. This increase reflects a change in the valuation for the street as recorded in the guideline value register.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Sanjay Nagar's 2024 figure below that median.

• Sanjeevi Nagar (Ward -17): Rs 661 per sq.ft (2024)
• Sankarandas Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sangamithirai Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sampath Nagar (Kr): Rs 550 per sq.ft (2024)
• Samidass Street (N): Rs 661 per sq.ft (2024)
• Saptank Kulam (Ward -3): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjay Nagar

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sanjay Nagar?

The Sub Registrar Office that covers Sanjay Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Peramanoor. It determines the minimum value at which properties can be registered and is used to calculate stamp duty and registration fees.

When a property is bought or sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Sanjay Nagar?

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

How has the guideline value changed over the years?

The guideline value for Sanjay Nagar has seen an increase from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sanjay Nagar?

Sanjay Nagar is classified as Residential Class II Type - II. This classification impacts the guideline value and property usage in the area.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 49,500.

Where can I find the Sub Registrar Office for Sanjay Nagar?

The Sub Registrar Office for Sanjay Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the provided link.