Guideline Value for SANJEEVI STREET

Sanjeevi Street guideline value

The current guideline value of Sanjeevi Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of Sanjeevi Street has changed

The guideline value of Sanjeevi Street has seen several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, it then decreased to Rs 3,685 per sq.ft in 2017. The value rose again to Rs 5,500 per sq.ft in 2023 and is currently set at Rs 6,000 per sq.ft from the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a 9% increase. Overall, the guideline value has increased by 380% from 2007 to 2024, demonstrating significant changes over the years.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value is Rs 6,000 per sq.ft, making Sanjeevi Street's 2024 figure equal to this median.

• Sanjeevi Nagar: Rs 6,000 per sq.ft (2024)
• Sanjeevi Colony: Rs 6,000 per sq.ft (2024)
• Sathiya Varadharaja Perumal Koil Street: Rs 4,400 per sq.ft (2024)
• S.B.I. Officer Colony III Rd Street: Rs 6,000 per sq.ft (2024)
• S.B.I. Officer Colony II Nd Street: Rs 6,000 per sq.ft (2024)
• S.B.I. Officer Colony I St Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjeevi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total to Rs 5,40,000. 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 Street?

The Sub Registrar Office that covers Sanjeevi Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Arumbakkam. It serves as a basis for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the property is registered at a value recognized by the government, which aids in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Sanjeevi Street?

The current guideline value of Sanjeevi Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,250 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, marking an overall increase of 380%.

What is the stamp duty for property in Sanjeevi Street?

The stamp duty for property in Sanjeevi Street is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000.

Which Sub Registrar Office covers Sanjeevi Street?

The Kodambakkam Sub Registrar Office covers Sanjeevi Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

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

Other streets in Arumbakkam with a guideline value of Rs 6,000 per sq.ft include Sanjeevi Nagar, Sanjeevi Colony, S.B.I. Officer Colony III Rd Street, S.B.I. Officer Colony II Nd Street, and S.B.I. Officer Colony I St Street.