Guideline Value for SANJAY NAGAR

Sanjay Nagar guideline value

The current guideline value of Sanjay Nagar, located in Perungalathur village under the Padappai SRO, is Rs 2,310 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Sanjay Nagar has changed

Over the years, the guideline value of Sanjay Nagar has seen several revisions. The 2017 revision recorded a value of Rs 1,407 per sq.ft, which increased to Rs 2,100 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision set the guideline value at Rs 2,310 per sq.ft, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2024 revision, the overall increase in guideline value is 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, which is equal to the current guideline value of Sanjay Nagar.

• Sanjay Gandhi Street: Rs 2,640 per sq.ft (2024)
• Sankaralaya Apartments: Rs 2,640 per sq.ft (2024)
• Santhosh Nagar: Rs 1,650 per sq.ft (2024)
• Saranga Avenue: Rs 2,310 per sq.ft (2024)
• Saraswathi Nagar: Rs 2,970 per sq.ft (2024)
• Saravanabawa Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjay Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total fees to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sanjay Nagar?

The Sub Registrar Office that covers Sanjay Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO online for more details.

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

The guideline value is a crucial factor when registering property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold or bought, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This value helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value for Sanjay Nagar?

The current guideline value for Sanjay Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, rising from Rs 1,407 per sq.ft to Rs 2,310 per sq.ft in 2024.

What is the land classification for Sanjay Nagar?

Sanjay Nagar falls under the Residential Class II Type - I land classification.

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

The Sub Registrar Office for Sanjay Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Sanjay Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 23,10,000, the stamp duty at 7% would be Rs 1,61,700.