Guideline Value for SANJAY NAGAR

Sanjay Nagar guideline value

The current guideline value of Sanjay Nagar, located in Kalvai village under the Thiruporur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Sanjay Nagar has changed

Since the 2002 revision, the guideline value register has no figures for Sanjay Nagar in 2003, 2007, 2012, and 2017. The 2023 revision also listed the guideline value at Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change from 2023 to 2024.

The current guideline value of Rs 1,000 per sq.ft is consistent with the figures from the previous year, reflecting stability in this segment. The revisions show that there has been no fluctuation in the guideline value for this street over the last two years.

Guideline values in Kalvai

In Kalvai, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Sanjay Nagar's guideline value at this same median level.

• Rithika Enclave Phase - II: Rs 400 per sq.ft (2024)
• Rithika Enclave: Rs 400 per sq.ft (2024)
• Ramakrishna Avenue: Rs 1,800 per sq.ft (2024)
• Skandhaguru Avenue: Rs 3,000 per sq.ft (2024)
• Sk Avenue: Rs 701 per sq.ft (2024)
• S.K Avenue Phase II: Rs 701 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 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, while the registration fee at 2% would be Rs 20,000, making the total Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sanjay Nagar?

The Sub Registrar Office that covers Sanjay Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling properties in Kalvai. It determines the minimum value at which a property can be registered, ensuring that the transaction is officially recorded and that applicable duties are calculated.

When a buyer or seller approaches the registration office, the guideline value helps in assessing the stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sanjay Nagar?

The current guideline value of Sanjay Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sanjay Nagar has remained at Rs 1,000 per sq.ft since the 2023 revision, showing no change from the previous year. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Kalvai and their guideline values?

Other streets in Kalvai include Rithika Enclave Phase - II and Rithika Enclave at Rs 400 per sq.ft, Ramakrishna Avenue at Rs 1,800 per sq.ft, and Skandhaguru Avenue at Rs 3,000 per sq.ft, among others.

How is stamp duty calculated for properties in Sanjay Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 10,00,000, the stamp duty would amount to Rs 70,000.

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

The Sub Registrar Office for Sanjay Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.