Guideline Value for SANJEEVI NAGAR (WARD -17)

Sanjeevi Nagar (Ward -17) guideline value

The current guideline value of Sanjeevi Nagar (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village and falls under the Chengleput Joint II SRO with a land classification of Residential Class I Type - III.

How the guideline value of Sanjeevi Nagar (Ward -17) has changed

The guideline value for Sanjeevi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, reflecting a decline of 33%. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 660 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, which means that the 2024 figure for Sanjeevi Nagar is below this median.

• 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 660 per sq.ft (2024)
• Saptank Kulam (Ward -3): Rs 440 per sq.ft (2024)
• Samidass Street (N): Rs 660 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjeevi Nagar (Ward -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total cost for these fees Rs 59,400. It is essential 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 Sanjeevi Nagar (Ward -17)?

The Sub Registrar Office that covers Sanjeevi Nagar (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the costs involved. It is important to understand that the guideline value may differ from the actual sale price, and the higher amount will be used for fee calculations.

Frequently asked questions

What is the current guideline value of Sanjeevi Nagar (Ward -17)?

The current guideline value of Sanjeevi Nagar (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being an increase from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. The value was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What is the land classification of Sanjeevi Nagar?

Sanjeevi Nagar falls under the land classification of Residential Class I Type - III.

Which Sub Registrar Office covers Sanjeevi Nagar?

The Chengleput Joint II Sub Registrar Office covers Sanjeevi Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 6,60,000, leading to a stamp duty of Rs 46,200.