Guideline Value for SANJEEVI NAGAR (WARD -17)

Sanjeevi Nagar (Ward -17) guideline value

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

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

Over the years, the guideline value for Sanjeevi Nagar has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which then changed to Rs 402 per sq.ft in 2017, reflecting a decrease of 33%. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision has set it at Rs 660 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 990 per sq.ft, making the current guideline value for Sanjeevi Nagar (Ward -17) below the 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 440 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 would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sanjeevi Nagar (Ward -17)?

The Chengleput Joint II Sub Registrar Office covers Sanjeevi Nagar (Ward -17). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Panangottur, the guideline value will influence the stamp duty and registration fees applicable during the registration process.

It is crucial to be aware of the guideline value, as it ensures that the property is registered at a value that reflects the current market conditions set by the government. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sanjeevi Nagar?

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 changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Sanjeevi Nagar?

The land classification for Sanjeevi Nagar (Ward -17) is Residential Class I Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated in Sanjeevi Nagar?

Stamp duty in Sanjeevi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 6,60,000, the stamp duty would be Rs 46,200.