Guideline Value for SANJEEVI NAGAR

Sanjeevi Nagar guideline value

The current guideline value of Sanjeevi Nagar, located in Karimbedu village under the Pallipattu SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Sanjeevi Nagar has changed

Looking at the revisions, the guideline value for Sanjeevi Nagar was Rs 50 per sq.ft in 2012, which increased to Rs 33 per sq.ft in 2017. This was a decrease of 34%. However, from 2017 to 2023, the value saw a significant increase of 203%, bringing it back to Rs 100 per sq.ft. The 2023 revision maintained the same value of Rs 100 per sq.ft in the 2024 revision, indicating no change.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value increased by 100% from Rs 50 per sq.ft in 2012 to Rs 100 per sq.ft in 2024.

Guideline values in Karimbedu

In Karimbedu, there are three streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 104 per sq.ft. The median value for these streets is Rs 104 per sq.ft, placing Sanjeevi Nagar's 2024 figure below that median.

• Santhosh Nagar: Rs 104 per sq.ft (2024)
• Ramalinga Reddy Nagar: Rs 104 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. 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 detailed calculations.

Which Sub Registrar Office covers Sanjeevi Nagar?

The Sanjeevi Nagar area is covered by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO online for more information.

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

The guideline value is a crucial factor when buying or selling property in Karimbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both parties are aware of the financial implications of the transaction. It is essential for all involved in property transactions to understand how the guideline value affects their financial commitments.

Frequently asked questions

What is the current guideline value of Sanjeevi Nagar?

The current guideline value of Sanjeevi Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2012 to Rs 100 per sq.ft in 2024, with a significant increase of 203% from 2017 to 2023.

What are the guideline values of other streets in Karimbedu?

Other streets in Karimbedu have guideline values of Rs 104 per sq.ft for both Santhosh Nagar and Ramalinga Reddy Nagar in 2024.

What is the stamp duty for a property in Sanjeevi Nagar?

The stamp duty for a property in Sanjeevi Nagar is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this would amount to Rs 7,000.

Where can I find the Sub Registrar Office for Sanjeevi Nagar?

The Sub Registrar Office covering Sanjeevi Nagar is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.