Guideline Value for Sanjay Garden Street Extn

Sanjay Garden Street Extn guideline value

The current guideline value of Sanjay Garden Street Extn is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Sanjay Garden Street Extn has changed

The guideline value for Sanjay Garden Street Extn has seen changes over the years. The register indicates that in 2012, the guideline value was Rs 3,500 per sq.ft. With the 2024 revision, this value increased to Rs 3,850 per sq.ft, reflecting a change of +10% from the 2012 figure. The revisions for the years 2023, 2017, 2007, 2003, and 2002 have no figures listed for this street.

To summarize, the only recorded revisions for Sanjay Garden Street Extn are from 2012 and 2024, with the latter showing an increase. The absence of figures for the other years indicates that the guideline value remained unrecorded during those revisions.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing the 2024 figure for Sanjay Garden Street Extn below this median.

• Sanjay Garden Street: Rs 3,850 per sq.ft (2024)
• Sanjeev Street: Rs 3,850 per sq.ft (2024)
• Sankaran Avenue Indira Street: Rs 6,600 per sq.ft (2024)
• Sankaran Avenue Janakpuri 1st Street: Rs 6,600 per sq.ft (2024)
• Sankaran Avenue Radha Mohan Street: Rs 6,600 per sq.ft (2024)
• Sankaran Nayar Avenue: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjay Garden Street Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost to Rs 3,46,500. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sanjay Garden Street Extn?

The Sub Registrar Office that covers Sanjay Garden Street Extn is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess either the guideline value or the sale price, whichever is higher, to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Sanjay Garden Street Extn?

The current guideline value of Sanjay Garden Street Extn is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, which is a change of +10%. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value for streets in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, with Sanjay Garden Street Extn's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Sanjay Garden Street Extn?

For a 1,000 sq.ft plot, the total guideline value is Rs 38,50,000. The stamp duty at 7% is Rs 2,69,500, and the registration fee at 2% is Rs 77,000, totaling Rs 3,46,500.

Where is the Sub Registrar Office for Sanjay Garden Street Extn located?

The Velacheri Sub Registrar Office covers Sanjay Garden Street Extn and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.