Guideline Value for Sanjay Gandhi Nagar 3rd street

Sanjay Gandhi Nagar 3rd street guideline value

The current guideline value of Sanjay Gandhi Nagar 3rd street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Sanjay Gandhi Nagar 3rd street has changed

The guideline value for Sanjay Gandhi Nagar 3rd street has undergone several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 600 per sq.ft. This figure increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 100% increase over the 16 years. The latest revision in 2024 sees the value rise to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, 2012, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Sanjay Gandhi Nagar 3rd street's 2024 figure below that median.

• Sanjay Gandhi Nagar 2nd street: Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Nagar 4th street: Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Nagar 5th street: Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Nagar 6th street: Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Nagar 1st street: Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Street(Moopanar Nagar): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjay Gandhi Nagar 3rd street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sanjay Gandhi Nagar 3rd street?

The Sub Registrar Office that covers Sanjay Gandhi Nagar 3rd street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers must consider this value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Sanjay Gandhi Nagar 3rd street?

The current guideline value of Sanjay Gandhi Nagar 3rd street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 600 per sq.ft to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117%.

What is the land classification for Sanjay Gandhi Nagar 3rd street?

Sanjay Gandhi Nagar 3rd street is classified as Residential Class II Type - I according to the guidelines.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sanjay Gandhi Nagar 3rd street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.