Guideline Value for Sanjeevarayan Pettai

Sanjeevarayan Pettai guideline value

The current guideline value of Sanjeevarayan Pettai is Rs 10,500 per sq.ft, effective from 1 July 2024. This area is located in Adayar village and falls under the Adayar SRO. The land classification for this street is Commercial Class I Type - III.

How the guideline value of Sanjeevarayan Pettai has changed

Over the years, the guideline value of Sanjeevarayan Pettai has seen several revisions. The 2012 revision set the value at Rs 9,500 per sq.ft, which then decreased to Rs 6,365 per sq.ft in the 2017 revision. Following that, the value increased to Rs 9,500 per sq.ft in 2023, and finally, it rose to Rs 10,500 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 11% in the guideline value.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value among these streets is Rs 6,100 per sq.ft, placing Sanjeevarayan Pettai's 2024 value above that median.

• Sardar Patel Road: Rs 15,400 per sq.ft (2024)
• River Side Road: Rs 9,900 per sq.ft (2024)
• Selvaranga Raja Street: Rs 5,000 per sq.ft (2024)
• Ranjith Road: Rs 11,000 per sq.ft (2024)
• Ranjith Lane: Rs 6,600 per sq.ft (2024)
• Ranjith Cross Street [Maruthai Avenue]: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjeevarayan Pettai

For a 1,000 sq.ft plot at the current guideline value of Rs 10,500 per sq.ft, the total guideline value amounts to Rs 1,05,00,000. The stamp duty at 7% would be Rs 7,35,000, and the registration fee at 2% would be Rs 2,10,000, bringing the total fees together to Rs 9,45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sanjeevarayan Pettai?

The Sub Registrar Office that covers Sanjeevarayan Pettai is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adayar. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is used to determine the amount of duty payable. Buyers and sellers must be aware that the stamp duty is calculated based on the higher value between the guideline value and the actual sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sanjeevarayan Pettai?

The current guideline value of Sanjeevarayan Pettai is Rs 10,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,500 in 2012 to Rs 6,365 in 2017, then to Rs 9,500 in 2023, and finally to Rs 10,500 in 2024. The overall change from 2012 to 2024 is an increase of 11%.

What is the land classification for Sanjeevarayan Pettai?

The land classification for Sanjeevarayan Pettai is Commercial Class I Type - III, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the current guideline value of Rs 10,500 per sq.ft, the total stamp duty and registration fees can amount to Rs 9,45,000 for a 1,000 sq.ft plot. This includes a stamp duty of Rs 7,35,000 and a registration fee of Rs 2,10,000.

Where can I find the Sub Registrar Office for Sanjeevarayan Pettai?

The Adayar Sub Registrar Office covers Sanjeevarayan Pettai, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find more information about your SRO online.