Guideline Value for SANJEEVI NAGAR

Sanjeevi Nagar guideline value

The current guideline value of Sanjeevi Nagar, located in Thandurai village under the Avadi Sub Registrar Office (SRO), is Rs 988 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

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 2002, with a guideline value of Rs 61 per sq.ft. This increased to Rs 70 per sq.ft in 2003, marking a rise of 15%. The value then saw a significant jump to Rs 283 per sq.ft in 2007, which is an increase of 304%. Following that, in 2012, the value rose to Rs 900 per sq.ft, reflecting a 218% increase. However, by 2017, the value dropped to Rs 603 per sq.ft, a decrease of 33%. In 2023, the guideline value was Rs 900 per sq.ft, and it further increased to Rs 988 per sq.ft in 2024, which is a rise of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 1520%. The register has no figures for the years in between these revisions for this street.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which is equal to the 2024 figure for Sanjeevi Nagar.

• Sanjai Gandhi St: Rs 800 per sq.ft (2024)
• Sandhai St (M.T.H.Road Southern Side): Rs 1,980 per sq.ft (2024)
• Salamon St, Venkateswara Nagar: Rs 800 per sq.ft (2024)
• Sakthivel St, Cholan Nagar: Rs 988 per sq.ft (2024)
• Sakthi Nagar Extn: Rs 800 per sq.ft (2024)
• Saraswathy St, Cholan Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjeevi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty, charged at 7%, would be Rs 69,160, and the registration fee, charged at 2%, would be Rs 19,760. Together, the total cost for these fees would be Rs 88,920. It is important to note that 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?

The Sub Registrar Office that covers Sanjeevi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Thandurai. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value helps in establishing the official value of the property, which is necessary for legal documentation. It is essential for both parties involved in a transaction to understand how the guideline value impacts the overall cost of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Sanjeevi Nagar?

The current guideline value of Sanjeevi Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 61 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, which is an overall increase of 1520%.

What are the stamp duty and registration fees for property in Sanjeevi Nagar?

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160, and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which Sub Registrar Office covers Sanjeevi Nagar?

The Avadi Sub Registrar Office covers Sanjeevi Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Sanjeevi Nagar?

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