Guideline Value for Sanjay Gandhi Nagar

Sanjay Gandhi Nagar guideline value

The current guideline value of Sanjay Gandhi Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sanjay Gandhi Nagar has changed

The guideline value for Sanjay Gandhi Nagar has seen significant changes over the years. The earliest recorded revision was in 2003, with a guideline value of Rs 235 per sq.ft. This increased to Rs 300 per sq.ft in 2007, marking an increase of 28%. The value then rose dramatically to Rs 1,407 per sq.ft in 2017, reflecting a substantial increase of 369%. In 2023, the guideline value was Rs 2,099 per sq.ft, which was a 49% increase from the previous revision. The most recent revision in 2024 set the value at Rs 2,350 per sq.ft, a rise of 12% from 2023.

There are no figures available for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 900%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Sanjay Gandhi Nagar is above this median.

• Sanjai Ganthi Nagar Ist Street: Rs 2,350 per sq.ft (2024)
• Sanjai Ganthi Nagar 2nd Street: Rs 2,350 per sq.ft (2024)
• Sanjai Ganthi Nagar 2nd Lane: Rs 2,350 per sq.ft (2024)
• Sanjai Gandhi Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Samundeeswari Nagar Vaikai Street: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar Sannadhi Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjay Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total fees to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sanjay Gandhi Nagar?

The Sub Registrar Office that covers Sanjay Gandhi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Anakaputhur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps establish a fair assessment of the property’s worth, which is necessary for legal documentation and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sanjay Gandhi Nagar?

The current guideline value of Sanjay Gandhi Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 235 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, reflecting a total increase of 900% over this period.

What is the land classification for Sanjay Gandhi Nagar?

Sanjay Gandhi Nagar is classified as Residential Class III Type - I, indicating its designation for residential development.

What other streets have the same guideline value?

Other streets in Anakaputhur that share the same guideline value of Rs 2,350 per sq.ft include Sanjai Ganthi Nagar Ist Street, Sanjai Ganthi Nagar 2nd Street, Sanjai Ganthi Nagar 2nd Lane, and Sanjai Gandhi Nagar Main Road.

Where is the Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.