Guideline Value for Sanjai Ganthi Nagar 2nd Street

Sanjai Ganthi Nagar 2nd Street guideline value

The current guideline value for Sanjai Ganthi Nagar 2nd Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Sanjai Ganthi Nagar 2nd Street has changed

The guideline value for Sanjai Ganthi Nagar 2nd Street has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,407 per sq.ft. This increased to Rs 2,099 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 2,350 per sq.ft, representing a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in this village is Rs 1,980 per sq.ft, placing Sanjai Ganthi Nagar 2nd Street's 2024 figure above this median.

• Sanjai Ganthi Nagar 2nd Lane: Rs 2,350 per sq.ft (2024)
• Sanjai Ganthi Nagar Ist Street: Rs 2,350 per sq.ft (2024)
• Sanjai Gandhi Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Sanjay Gandhi Nagar: Rs 2,350 per sq.ft (2024)
• Samundeeswari Nagar Vaikai Street: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar Sannadhi Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjai Ganthi Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total cost for these fees to Rs 2,11,500. It is essential 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 Sanjai Ganthi Nagar 2nd Street?

The Sub Registrar Office covering Sanjai Ganthi Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Anakaputhur, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers should be aware that the guideline value is used to assess the official value of the property during the registration process.

It is also important to understand that the guideline value may differ from the actual sale price of the property. Therefore, when registering a property, the duty is charged based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Sanjai Ganthi Nagar 2nd Street?

The current guideline value of Sanjai Ganthi Nagar 2nd Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 67% over these years.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Which office handles property registrations in Sanjai Ganthi Nagar 2nd Street?

The Pammal Sub Registrar Office handles property registrations for Sanjai Ganthi Nagar 2nd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value when buying property?

The guideline value is used to determine the stamp duty and registration fees payable when buying property. It ensures that the transaction is officially recorded and taxed appropriately.