Guideline Value for Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street)

Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street) guideline value

The current guideline value for Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street) is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, and it is classified as Residential Class I Type - I.

How the guideline value of Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street) has changed

The guideline value register does not provide figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street). The only available figure is from the 2024 revision, which is Rs 3,850 per sq.ft.

As there are no changes between the revisions, the 2024 figure remains the only guideline value recorded for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,750 per sq.ft, placing Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street) above this median.

• Karthikeyapuram Main Road: Rs 3,850 per sq.ft (2024)
• Karthikeyapuram Sathiyaseelan Street, 13th Street: Rs 3,850 per sq.ft (2024)
• Karthikeyapuram Lake View Street: Rs 3,850 per sq.ft (2024)
• Karthikeyapuram Lake View 3rd Street: Rs 3,850 per sq.ft (2024)
• Karthikeyapuram Extn: Rs 3,850 per sq.ft (2024)
• Karthikeyapuram Erikarai Street 3rd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street)

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that the 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 information.

Which Sub Registrar Office covers Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street)?

The Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street) falls under the Velacheri Sub Registrar Office located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a critical factor when registering property transactions in Madipakkam-1. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to consult the guideline value to understand the financial implications of the transaction. This value serves as a reference point for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value for Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street)?

The current guideline value for Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street) is Rs 3,850 per sq.ft, effective from 1 July 2024.

What is the land classification for Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street)?

Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street) is classified as Residential Class I Type - I.

How many streets are there in Madipakkam-1 under the Velacheri SRO?

There are 1,823 streets in Madipakkam-1 under the Velacheri SRO, all of which carry a 2024 guideline value.

What is the median guideline value for Madipakkam-1?

The median guideline value for Madipakkam-1 is Rs 2,750 per sq.ft, which is below the current value of Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street).

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.