Guideline Value for SRI SAI SANJAY NAGAR

Sri Sai Sanjay Nagar guideline value

The current guideline value of Sri Sai Sanjay Nagar is Rs 130 per sq.ft, effective from 1 July 2024. This area is located in Vengal village under the Arani_Tiruvallur SRO, classified as Residential Class V Type - I.

How the guideline value of Sri Sai Sanjay Nagar has changed

The guideline value for Sri Sai Sanjay Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 130 per sq.ft, which is the same as the value from the 2023 revision. Prior to that, in 2017, the guideline value was Rs 87 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value remained unchanged during those years.

Guideline values in Vengal

In Vengal, there are 9 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 130 to Rs 281 per sq.ft, with a median value of Rs 171 per sq.ft. Sri Sai Sanjay Nagar's 2024 figure is below this median.

• Sri Navasakthi Nagar: Rs 171 per sq.ft (2024)
• Sri Nagathamman Nagar: Rs 281 per sq.ft (2024)
• R.R.B. Nagar: Rs 171 per sq.ft (2024)
• Nasic Nagar Phase-1: Rs 130 per sq.ft (2024)
• Lakshmi Nagar Phase-1: Rs 130 per sq.ft (2024)
• James Garden: Rs 241 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Sanjay Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 130 per sq.ft, the total guideline value amounts to Rs 1,30,000. The stamp duty at 7% would be Rs 9,100, and the registration fee at 2% would be Rs 2,600, bringing the total fees to Rs 11,700. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Sanjay Nagar?

Sri Sai Sanjay Nagar falls under the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

To find your Sub Registrar Office, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Vengal, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set by the Registration Department.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall costs involved in the property transaction. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sri Sai Sanjay Nagar?

The current guideline value of Sri Sai Sanjay Nagar is Rs 130 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sai Sanjay Nagar has increased from Rs 87 per sq.ft in 2017 to Rs 130 per sq.ft in 2024, reflecting a 49% increase over this period. The value remained unchanged at Rs 130 per sq.ft from 2023 to 2024.

What other streets have guideline values in Vengal?

Other streets in Vengal under the Arani_Tiruvallur SRO include Sri Navasakthi Nagar, Sri Nagathamman Nagar, R.R.B. Nagar, Nasic Nagar Phase-1, Lakshmi Nagar Phase-1, and James Garden, with values ranging from Rs 130 to Rs 281 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Sri Sai Sanjay Nagar?

For a 1,000 sq.ft plot at the current guideline value of Rs 130 per sq.ft, the total guideline value is Rs 1,30,000. The stamp duty would be Rs 9,100, and the registration fee would be Rs 2,600, totaling Rs 11,700.

Where can I find the Sub Registrar Office for Sri Sai Sanjay Nagar?

The Sub Registrar Office that covers Sri Sai Sanjay Nagar is the Arani_Tiruvallur SRO, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.