Guideline Value for Sanjai Gandhi Nagar

Sanjai Gandhi Nagar guideline value

The current guideline value of Sanjai Gandhi Nagar in Zaminpallavaram village is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Sanjai Gandhi Nagar has changed

The guideline value of Sanjai Gandhi Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 218 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a change of +175%. The value remained unchanged at Rs 2,500 per sq.ft from 2012 until 2023. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, reflecting an increase of +10% from the previous year.

There are no figures available for the revisions in 2017 and 2002 for this street. Overall, the guideline value has increased by +1161% from Rs 218 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in the village is Rs 3,300 per sq.ft, placing Sanjai Gandhi Nagar's 2024 figure below this median.

• Sanitary Workers Colony: Rs 2,100 per sq.ft (2024)
• Sanjay Gandhi Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Sanjay Gandhi Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Sankar Nagar: Rs 3,850 per sq.ft (2024)
• Sankar Nagar 1 To 3 Streets: Rs 3,850 per sq.ft (2024)
• Sankar Nagar Main Road: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjai Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, leading to a total of Rs 2,47,500. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sanjai Gandhi Nagar?

The Sanjai Gandhi Nagar area is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware that the guideline value may differ from the actual sale price. The authorities will charge stamp duty based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sanjai Gandhi Nagar?

The current guideline value of Sanjai Gandhi Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 218 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, marking an overall increase of +1161% over the years.

What is the classification of land in Sanjai Gandhi Nagar?

Sanjai Gandhi Nagar is classified as Residential Class II Type - I under the Pallavaram SRO.

What are the other streets in Zaminpallavaram with their guideline values?

Other streets in Zaminpallavaram include Sanitary Workers Colony at Rs 2,100 per sq.ft, Sanjay Gandhi Nagar 1st Street and 3rd Street both at Rs 2,750 per sq.ft, and Sankar Nagar at Rs 3,850 per sq.ft, among others.

How is stamp duty calculated for properties in Sanjai Gandhi Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,92,500 based on the current guideline value.