Guideline Value for Sanjay Gandhi Salai S.No.394

Sanjay Gandhi Salai S.No.394 guideline value

The current guideline value of Sanjay Gandhi Salai S.No.394 is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Kodambakkam village, under the Ashok Nagar SRO, and falls under the Residential Class IV Type - II land classification.

How the guideline value of Sanjay Gandhi Salai S.No.394 has changed

The guideline value for Sanjay Gandhi Salai S.No.394 has seen several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 275% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% drop. The value further increased to Rs 3,000 per sq.ft in 2023, followed by the latest revision to Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year. There are no figures available for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%. The changes between the revisions highlight the fluctuations in property values over time, with a notable increase from 2017 to 2023, where the value rose by 49%.

Guideline values in Kodambakkam

Kodambakkam has a range of guideline values across its 1,031 streets under the Ashok Nagar SRO, with values in 2024 ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, indicating that the guideline value for Sanjay Gandhi Salai S.No.394 is below this median.

• Sanjai Gandhi Street: Rs 3,300 per sq.ft (2024)
• Sangeetha Colony: Rs 7,700 per sq.ft (2024)
• Sangaralinganar Street S.No. 400/B, 406/B: Rs 3,300 per sq.ft (2024)
• Sannathi Street Block 6: Rs 6,600 per sq.ft (2024)
• Samiyar Thottam Street: Rs 7,000 per sq.ft (2024)
• Samburna Avenue: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjay Gandhi Salai S.No.394

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sanjay Gandhi Salai S.No.394?

The Sub Registrar Office that covers Sanjay Gandhi Salai S.No.394 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Kodambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to ensure compliance with local regulations. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sanjay Gandhi Salai S.No.394?

The current guideline value of Sanjay Gandhi Salai S.No.394 is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 313% over the years.

What is the land classification for Sanjay Gandhi Salai S.No.394?

The land classification for Sanjay Gandhi Salai S.No.394 is Residential Class IV Type - II.

What are the registration fees for property in Sanjay Gandhi Salai S.No.394?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Sanjay Gandhi Salai S.No.394?

The Ashok Nagar Sub Registrar Office handles registrations for Sanjay Gandhi Salai S.No.394, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.