Guideline Value

Corporate

Guideline Value for SANJEEVI NAGAR

₹250/sq.ft.

The guideline value for Sanjeevi Nagar in Sasithrampakkam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sasithrampakkam

Village

Chengleput Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sanjeevi Nagar

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Sanjeevi Nagar guideline value

The current guideline value for Sanjeevi Nagar, located in Sasithrampakkam village under the Chengleput Joint II SRO, is Rs 250 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sanjeevi Nagar has changed

The guideline value for Sanjeevi Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 250 per sq.ft. In 2017, the value decreased to Rs 167 per sq.ft, marking a decline of 33%. However, this was followed by a significant increase in 2023, where the value rose to Rs 250 per sq.ft, reflecting a 50% increase from the 2017 figure. The most recent revision in 2024 maintains this value at Rs 250 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for Sanjeevi Nagar in the years 2002, 2003, and 2007. Therefore, the only revisions relevant to this street are from 2012, 2017, 2023, and 2024.

Guideline values in Sasithrampakkam

Sasithrampakkam village has a total of 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,000 per sq.ft. The median value is Rs 250 per sq.ft, which is the same as the current guideline value for Sanjeevi Nagar. Below are the guideline values for other streets in Sasithrampakkam:

Stamp duty and registration fee for property in Sanjeevi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, resulting in Rs 17,500, while the registration fee is charged at 2%, amounting to Rs 5,000. Therefore, the total cost for stamp duty and registration fees would be Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sanjeevi Nagar?

The Sanjeevi Nagar area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Sasithrampakkam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for legal property transfer. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to avoid any legal complications.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions, as the stamp duty is calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Sanjeevi Nagar?

The current guideline value for Sanjeevi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sanjeevi Nagar has seen a decrease from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, followed by an increase back to Rs 250 per sq.ft in 2023 and remaining the same in 2024.

What are the other streets in Sasithrampakkam with the same guideline value?

Other streets in Sasithrampakkam with the same guideline value of Rs 250 per sq.ft include Ramakirshna Nagar, Sri Kamala Puram, Sri Lakshmi Narashima Nagar, Subamangalanagar, Subha Mangala Avenue Phase -I, and Subha Mangala Avenue Phase -II.

Where is the Chengleput Joint II SRO located?

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

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

Stamp duty for properties in Sanjeevi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.