Guideline Value for Sanjeevi Nagar

Sanjeevi Nagar guideline value

The current guideline value of Sanjeevi Nagar, located in Mannoor village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sanjeevi Nagar has changed

Since the 2007 revision, the guideline value for Sanjeevi Nagar has seen significant changes. In 2007, the value was Rs 50 per sq.ft, which increased to Rs 200 per sq.ft in the 2012 revision, marking a 300% increase. However, in the 2017 revision, the value decreased to Rs 134 per sq.ft, a drop of 33%. The guideline value remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

Overall, from 2007 to 2024, the guideline value has increased by 300%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Mannoor

In Mannoor village, there are 56 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Sanjeevi Nagar's 2024 guideline value is below this median.

• Ram Nagar: Rs 300 per sq.ft (2024)
• Ramji Street: Rs 250 per sq.ft (2024)
• Showbagya co-op Nagar: Rs 600 per sq.ft (2024)
• Sithi Vinayagar Nagar: Rs 250 per sq.ft (2024)
• Siva Vishnu Nagar: Rs 500 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjeevi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sanjeevi Nagar?

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

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

The guideline value is a crucial factor when registering property transactions in Mannoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sanjeevi Nagar?

The current guideline value of Sanjeevi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and remained at Rs 200 per sq.ft in both 2023 and 2024.

What is the median guideline value in Mannoor?

The median guideline value in Mannoor is Rs 250 per sq.ft, with Sanjeevi Nagar's value being below this median.

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

For a property valued at Rs 2,00,000 in Sanjeevi Nagar, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office do I need to visit for property registration in Sanjeevi Nagar?

The Sriperumpudur Sub Registrar Office is the designated office for property registration in Sanjeevi Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.