Guideline Value for Sanjeevai Garden

Sanjeevai Garden guideline value

The current guideline value of Sanjeevai Garden is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Maakaanyam village under the Sriperumpudur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Sanjeevai Garden has changed

The guideline value for Sanjeevai Garden has seen several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 335 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 500 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the current 2024 value, there has been no change, as both years reflect a guideline value of Rs 500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Maakaanyam

In Maakaanyam village, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. Sanjeevai Garden's current guideline value is above this median.

• Saran Nagar: Rs 110 per sq.ft (2024)
• RPG Gopika Garden: Rs 150 per sq.ft (2024)
• Shanthi Avenue: Rs 300 per sq.ft (2024)
• Sky home city: Rs 350 per sq.ft (2024)
• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sri city: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjeevai Garden

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sanjeevai Garden?

The Sub Registrar Office that covers Sanjeevai Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Maakaanyam, as it is used to determine the stamp duty and registration fees payable during the buying or selling process. This value is set by the government and is intended to reflect the market value of properties in the area.

When a property is registered, the guideline value is considered to ensure that the correct amount of stamp duty is collected. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sanjeevai Garden?

The current guideline value of Sanjeevai Garden is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023 and remained the same in 2024. Overall, from 2012 to 2024, there has been no change in value.

What are the other streets in Maakaanyam and their guideline values?

Other streets in Maakaanyam include Saran Nagar at Rs 110 per sq.ft, RPG Gopika Garden at Rs 150 per sq.ft, Shanthi Avenue at Rs 300 per sq.ft, Sky home city at Rs 350 per sq.ft, Sri Balaji Nagar at Rs 300 per sq.ft, and Sri city at Rs 250 per sq.ft, all for the year 2024.

What are the stamp duty and registration fees for properties in Sanjeevai Garden?

The stamp duty for properties in Sanjeevai Garden is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 5,00,000, the total fees would amount to Rs 45,000.

Which office handles registrations in Sanjeevai Garden?

The Sriperumpudur Sub Registrar Office handles registrations for Sanjeevai Garden. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.