Guideline Value for Sanjay Gandhi Street(Moopanar Nagar)

Sanjay Gandhi Street(Moopanar Nagar) guideline value

The current guideline value for Sanjay Gandhi Street (Moopanar Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sanjay Gandhi Street(Moopanar Nagar) has changed

The guideline value for Sanjay Gandhi Street (Moopanar Nagar) has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 600 per sq.ft. This value increased significantly to Rs 1,200 per sq.ft in the 2012 revision, reflecting a 100% increase. However, there are no figures available for the years 2002, 2003, 2017, and 2023.

In the most recent revision in 2024, the guideline value rose to Rs 1,300 per sq.ft, marking an 8% increase from the 2012 figure. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO, with 2024 guideline values 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, indicating that Sanjay Gandhi Street (Moopanar Nagar) is below this median.

• Sanjay Gandhi Nagar 6th street: Rs 1,300 per sq.ft (2024)
• 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 Nagar 1st street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjay Gandhi Street(Moopanar Nagar)

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, charged at 7%, would be Rs 91,000, and the registration fee, at 2%, would be Rs 26,000. Together, the total cost for these fees would be Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sanjay Gandhi Street(Moopanar Nagar)?

The Sub Registrar Office that covers Sanjay Gandhi Street (Moopanar Nagar) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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 that must be paid during the transaction. Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property.

When a property is registered, the authorities will assess the guideline value to calculate the applicable fees. It is essential for buyers to understand that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the correct fees are paid to the registration department.

Frequently asked questions

What is the current guideline value of Sanjay Gandhi Street (Moopanar Nagar)?

The current guideline value of Sanjay Gandhi Street (Moopanar Nagar) 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 figures available for the years 2002, 2003, 2017, and 2023.

What is the land classification of Sanjay Gandhi Street (Moopanar Nagar)?

The land classification for Sanjay Gandhi Street (Moopanar Nagar) is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Sanjay Gandhi Street (Moopanar Nagar) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Tondaiarpet?

The stamp duty for properties in Tondaiarpet is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% of the guideline value or sale price.