Guideline Value for SANJEEVI NAGAR (WARD -17)

Sanjeevi Nagar (Ward -17) guideline value

The current guideline value for Sanjeevi Nagar (Ward -17) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this street is 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 dropped to Rs 402 per sq.ft. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, followed by a rise to Rs 661 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Sanjeevi Nagar is below this median.

• Sankarandas Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sanjay Nagar: Rs 550 per sq.ft (2024)
• Sangamithirai Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sampath Nagar (Kr): Rs 550 per sq.ft (2024)
• Saptank Kulam (Ward -3): Rs 550 per sq.ft (2024)
• Samidass Street (N): Rs 661 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 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty, calculated at 7%, would amount to Rs 46,270, while the registration fee at 2% would be Rs 13,220. Together, the total fees would be Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 661 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 661 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 Sub Registrar Office for Sanjeevi Nagar?

The Sub Registrar Office for Sanjeevi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 6,61,000 would incur a stamp duty of Rs 46,270 at 7%.