Guideline Value for Sanjay Garden Street

Sanjay Garden Street guideline value

The current guideline value of Sanjay Garden Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, classified as Residential Class II Type - III.

How the guideline value of Sanjay Garden Street has changed

The guideline value for Sanjay Garden Street has seen revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft. From 2012 to 2024, this represents a 10% increase, bringing the current value to Rs 3,850 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only recorded revisions for Sanjay Garden Street are from 2012 to 2024, with no figures available for the intervening years. The 2024 guideline value reflects the latest assessment and adjustment in the area.

Guideline values in Velachery

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

• Sanjay Garden Street Extn: 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

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, resulting in a total of Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sanjay Garden Street?

The Sub Registrar Office that covers Sanjay Garden Street 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 plays a crucial role in property transactions in Velachery. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is a significant factor in these calculations.

When purchasing property, it is essential to consider the guideline value as it affects the overall cost of the transaction. The registration office will use this value to assess the applicable fees, ensuring that both parties are compliant with local regulations.

Frequently asked questions

What is the current guideline value of Sanjay Garden Street?

The current guideline value of Sanjay Garden Street 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, representing a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Velachery?

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

What are the stamp duty rates for properties in Sanjay Garden Street?

The stamp duty rate for properties in Sanjay Garden Street is 7% of the guideline value or sale price, whichever is higher. This means that for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more information about it online.