Guideline Value for Sanjai Nagar Phase - I

Sanjai Nagar Phase - I guideline value

The current guideline value of Sanjai Nagar Phase - I is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Kannivakkam village and falls under the Thiruporur SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Sanjai Nagar Phase - I has changed

The guideline value for Sanjai Nagar Phase - I has remained consistent over the years. The 2017 revision set the value at Rs 1,600 per sq.ft, which was maintained in the 2023 revision and continues to be the same in the 2024 revision. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, there has been no change in the guideline value, with a consistent rate of Rs 1,600 per sq.ft across the revisions from 2017 to 2024. The changes between the revisions from 2023 to 2024 and from 2017 to 2023 are both recorded as +0%.

Guideline values in Kannivakkam

Kannivakkam village has 32 streets under the Thiruporur SRO, with 2024 guideline values ranging from Rs 450 to Rs 2,389 per sq.ft. The median guideline value for these streets is Rs 1,050 per sq.ft, placing Sanjai Nagar Phase - I's 2024 figure above this median.

• Saraswathi Avenue: Rs 900 per sq.ft (2024)
• Sakthi Nagar: Rs 500 per sq.ft (2024)
• Sarathy Nagar Phase-I, Phase-II: Rs 900 per sq.ft (2024)
• Sai Enclave: Rs 1,493 per sq.ft (2024)
• Sai Chitra Nagar: Rs 1,100 per sq.ft (2024)
• Selli Amman Avenue: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjai Nagar Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty is charged at 7%, resulting in Rs 1,12,000, while the registration fee at 2% amounts to Rs 32,000. Therefore, the total cost for stamp duty and registration fee together is Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sanjai Nagar Phase - I?

The Sub Registrar Office that covers Sanjai Nagar Phase - I is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kannivakkam. It determines the minimum value at which the property must be registered, ensuring that the transaction is transparent and compliant with local regulations.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Sanjai Nagar Phase - I?

The current guideline value of Sanjai Nagar Phase - I is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 1,600 per sq.ft from 2017 to 2024, with no changes noted in the revisions for 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Sanjai Nagar Phase - I?

The land classification for Sanjai Nagar Phase - I is Residential Class I Type - III. This classification indicates the intended use of the land for residential purposes.

What are the stamp duty and registration fees for a property in Sanjai Nagar Phase - I?

For a property valued at Rs 16,00,000, the stamp duty is Rs 1,12,000 and the registration fee is Rs 32,000, totaling Rs 1,44,000. This is calculated based on the guideline value.

Which office handles property registrations in Sanjai Nagar Phase - I?

The Thiruporur Sub Registrar Office handles property registrations for Sanjai Nagar Phase - I, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.