Guideline Value for Sanjeevi Nagar

Sanjeevi Nagar guideline value

The current guideline value of Sanjeevi Nagar, located in Sekkadu village under the Avadi SRO, is Rs 1,320 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sanjeevi Nagar has changed

The guideline value of Sanjeevi Nagar has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 1,200 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 804 per sq.ft. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, and 2007.

Guideline values in Sekkadu

Sekkadu village features a range of guideline values across its 56 streets under the Avadi SRO, with the 2024 figures ranging from Rs 930 to Rs 4,800 per sq.ft. The median guideline value in this area is Rs 1,320 per sq.ft, which matches the current guideline value of Sanjeevi Nagar.

• R.R.Nagar bharathiyar street: Rs 1,320 per sq.ft (2024)
• Sekkadu Mettu Street I: Rs 1,320 per sq.ft (2024)
• Sekkadu Mettu Street II: Rs 930 per sq.ft (2024)
• Reddiyar Street: Rs 1,075 per sq.ft (2024)
• Singara Thirunagar: Rs 1,075 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 1,320 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sanjeevi Nagar?

The Sub Registrar Office that covers Sanjeevi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling properties in Sekkadu. It determines the minimum value at which properties can be registered, ensuring that the transaction is recorded accurately in the government records.

When a property is sold or purchased, the guideline value serves as a reference point for calculating the applicable stamp duty and registration fees. This ensures transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Sanjeevi Nagar?

The current guideline value of Sanjeevi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Sanjeevi Nagar?

The land classification for Sanjeevi Nagar is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Sanjeevi Nagar?

The Sub Registrar Office for Sanjeevi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Sanjeevi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at 7%.