Guideline Value for Sanjay Nagar

Sanjay Nagar guideline value

The current guideline value of Sanjay Nagar, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - II.

How the guideline value of Sanjay Nagar has changed

Over the years, the guideline value of Sanjay Nagar has seen several revisions. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 700 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 469 per sq.ft, before rebounding back to Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

The changes between revisions show a 180% increase from the 2007 revision to the 2024 revision. Specifically, there was a 49% increase from 2017 to 2023, while the 2012 to 2017 period saw a decrease of 33%. The overall trend from 2007 to 2024 reflects a consistent rise in the guideline value.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median value is Rs 700 per sq.ft, making Sanjay Nagar's 2024 figure equal to this median.

• Santhi Nagar: Rs 900 per sq.ft (2024)
• Santhosh Nagar: Rs 700 per sq.ft (2024)
• Sapthagiri Garden: Rs 700 per sq.ft (2024)
• Sakthi Avenue: Rs 1,500 per sq.ft (2024)
• R.R Avenue: Rs 1,500 per sq.ft (2024)
• Rishi Gardan: Rs 801 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjay Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sanjay Nagar?

The Chengleput Joint II Sub Registrar Office covers Sanjay Nagar. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kayirambedu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential components of the transaction process. Buyers should be aware of these costs to ensure they are financially prepared for the registration of their property.

Frequently asked questions

What is the current guideline value of Sanjay Nagar?

The current guideline value of Sanjay Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant increase occurring from Rs 250 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, followed by a decrease to Rs 469 per sq.ft in 2017, and then stabilizing at Rs 700 per sq.ft in 2023 and 2024.

What is the land classification for Sanjay Nagar?

Sanjay Nagar is classified as Residential Special Type - II, which influences its guideline value and suitability for various property developments.

What are the stamp duty and registration fees for property in Sanjay Nagar?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Sanjay Nagar and surrounding areas.