Guideline Value for Sanjay Gandhi Nagar I, II, Street / Lane

Sanjay Gandhi Nagar I, II, Street / Lane guideline value

The current guideline value for Sanjay Gandhi Nagar I, II, Street / Lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sanjay Gandhi Nagar I, II, Street / Lane has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This figure remained the same in the 2017 revision, which saw a decrease of 33% to Rs 2,345 per sq.ft. The 2023 revision increased the value to Rs 3,500 per sq.ft, and the most recent 2024 revision has raised it further to Rs 3,900 per sq.ft, reflecting an 11% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 11%. The changes between revisions include a 49% increase from 2017 to 2023 and an 11% increase from 2023 to 2024. The register has no figure for this street in the years 2002, 2003, and 2007.

Guideline values in Adambakkam

Adambakkam has a total of 569 streets under the Alandur SRO, with guideline values ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which is equal to the current figure for Sanjay Gandhi Nagar I, II, Street / Lane.

• Sanjaygandhi Nagar: Rs 3,900 per sq.ft (2024)
• Sannathi Street: Rs 3,900 per sq.ft (2024)
• Santhi Nagar 10th Street: Rs 4,400 per sq.ft (2024)
• Santhi Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Santhi Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Santhi Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjay Gandhi Nagar I, II, Street / Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000. Together, the total cost for these fees would be Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sanjay Gandhi Nagar I, II, Street / Lane?

The Sub Registrar Office covering Sanjay Gandhi Nagar I, II, Street / Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adambakkam. It is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value serves as a benchmark for determining the minimum value on which these fees are calculated. This ensures that the registration process is transparent and fair, reflecting the official value of the property.

Frequently asked questions

What is the current guideline value for Sanjay Gandhi Nagar I, II, Street / Lane?

The current guideline value for Sanjay Gandhi Nagar I, II, Street / Lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, marking an 11% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the registration office for Sanjay Gandhi Nagar I, II, Street / Lane?

The registration office for Sanjay Gandhi Nagar I, II, Street / Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty rates applicable in Adambakkam?

The stamp duty rate in Adambakkam is 7% on the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

How can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator, which provides a detailed breakdown based on the guideline value.