Guideline Value for Sanjay Gandhi Nagar 6th street

Sanjay Gandhi Nagar 6th street guideline value

The current guideline value of Sanjay Gandhi Nagar 6th street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sanjay Gandhi Nagar 6th street has changed

The guideline value for Sanjay Gandhi Nagar 6th street has undergone several revisions over the years. The oldest recorded revision is from 2007, where the value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2012 revision, marking a significant rise of 100%. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, which is an 8% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2017, and 2023 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, a total of 1,384 streets are listed 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 for these streets is Rs 1,600 per sq.ft, placing Sanjay Gandhi Nagar 6th street's 2024 figure below that median.

• Sanjay Gandhi Nagar 5th street: Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Nagar 4th 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 6th 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, bringing the total 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sanjay Gandhi Nagar 6th street?

The Sub Registrar Office that covers Sanjay Gandhi Nagar 6th street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

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

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential to refer to the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for Sanjay Gandhi Nagar 6th street?

The current guideline value for Sanjay Gandhi Nagar 6th street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What is the land classification for Sanjay Gandhi Nagar 6th street?

Sanjay Gandhi Nagar 6th street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for this area?

The registration office for Sanjay Gandhi Nagar 6th street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the median guideline value for streets in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, which means that the guideline value for Sanjay Gandhi Nagar 6th street is below this median.