Guideline Value for Sanjay Gandhi Nagar 5th street

Sanjay Gandhi Nagar 5th street guideline value

The current guideline value of Sanjay Gandhi Nagar 5th street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sanjay Gandhi Nagar 5th street has changed

The guideline value for Sanjay Gandhi Nagar 5th street has undergone several revisions over the years. The earliest recorded revision was in 2007, when the guideline value was Rs 600 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a 100% increase. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, reflecting an 8% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2017, and 2023 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 that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Sanjay Gandhi Nagar 5th street is below this median.

• Sanjay Gandhi Nagar 4th street: Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Nagar 6th street: Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Nagar 2nd street: Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Street(Moopanar Nagar): Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Nagar 1st street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjay Gandhi Nagar 5th street

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

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sanjay Gandhi Nagar 5th street?

The Sub Registrar Office that covers Sanjay Gandhi Nagar 5th street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sanjay Gandhi Nagar 5th street?

The current guideline value of Sanjay Gandhi Nagar 5th street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, and then to Rs 1,300 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2017, and 2023.

What is the land classification of Sanjay Gandhi Nagar 5th street?

Sanjay Gandhi Nagar 5th street is classified as Residential Class II Type - I.

What are the other streets in Tondaiarpet with the same guideline value?

Other streets in Tondaiarpet that share the same guideline value of Rs 1,300 per sq.ft include Sanjay Gandhi Nagar 1st, 2nd, 3rd, 4th, and 6th streets, as well as Sanjay Gandhi Street (Moopanar Nagar).

Where is the Sub Registrar Office for Sanjay Gandhi Nagar 5th street located?

The Sub Registrar Office for Sanjay Gandhi Nagar 5th street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.