Guideline Value for Sanjai Ganthi Nagar Ist Street

Sanjai Ganthi Nagar Ist Street guideline value

The current guideline value of Sanjai Ganthi Nagar Ist Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sanjai Ganthi Nagar Ist Street has changed

In the 2017 revision, the guideline value was Rs 1,407 per sq.ft. This figure increased to Rs 2,099 per sq.ft in the 2023 revision, marking a significant change of +49%. The most recent revision in 2024 has further raised the guideline value to Rs 2,350 per sq.ft, reflecting an increase of +12% 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

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Sanjai Ganthi Nagar Ist Street is above this median.

• Sanjai Ganthi Nagar 2nd Street: Rs 2,350 per sq.ft (2024)
• Sanjai Ganthi Nagar 2nd Lane: Rs 2,350 per sq.ft (2024)
• Sanjay Gandhi Nagar: Rs 2,350 per sq.ft (2024)
• Sanjai Gandhi Nagar Main Road: 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 Ist 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 is charged at 7%, amounting to Rs 1,64,500, and the registration fee is charged at 2%, which totals Rs 47,000. Together, the total cost for stamp duty and registration fee is Rs 2,11,500. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Sanjai Ganthi Nagar Ist Street?

The Sub Registrar Office that covers Sanjai Ganthi Nagar Ist Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Anakaputhur. 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, the guideline value helps both parties understand the official valuation of the property. This valuation is essential for calculating the stamp duty and registration fees, which are mandatory during the property registration process.

Frequently asked questions

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

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

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, which is an overall increase of +67%.

Where can I find the Sub Registrar Office for Sanjai Ganthi Nagar Ist Street?

The Sub Registrar Office for Sanjai Ganthi Nagar Ist Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 23,50,000, the total stamp duty and registration fee would be Rs 2,11,500.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value for property registration, impacting the stamp duty and registration fees. It ensures that the government receives appropriate revenue during property transactions.