Guideline Value for Rajagopalapuram Extension, Sadasivam Nagar

Rajagopalapuram Extension, Sadasivam Nagar guideline value

The current guideline value of Rajagopalapuram Extension, Sadasivam Nagar is Rs 3,850 per sq.ft, effective from 1 July 2024. This area falls under Madipakkam-1 village and is classified as Residential Class I Type - I. The valuation is determined by the Velacheri SRO.

How the guideline value of Rajagopalapuram Extension, Sadasivam Nagar has changed

The guideline value for Rajagopalapuram Extension, Sadasivam Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 2,345 per sq.ft, followed by a significant increase to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 raised it further to Rs 3,850 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The changes between the revisions highlight a substantial growth in the guideline value, especially from 2017 to 2023, which saw a 49% increase.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values for 2024 ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,750 per sq.ft, placing Rajagopalapuram Extension, Sadasivam Nagar above this median.

• Rajagopalapuram Extension, Ram Nagar North Extension: Rs 3,850 per sq.ft (2024)
• Rajagopalapuram Extension, Sadasivam Nagar Ram Nagar North Extension: Rs 3,850 per sq.ft (2024)
• Rajagopalapuram Nagar North Extension: Rs 3,850 per sq.ft (2024)
• Rajagopalapuram North Nagar Extension, Sadasivam Nagar: Rs 3,850 per sq.ft (2024)
• Rajagopalapuram(Ram Nagar): Rs 3,850 per sq.ft (2024)
• Rajagopal Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopalapuram Extension, Sadasivam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total 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, bringing the total to Rs 3,46,500. 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 details.

Which Sub Registrar Office covers Rajagopalapuram Extension, Sadasivam Nagar?

The Sub Registrar Office that covers Rajagopalapuram Extension, Sadasivam Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value plays a significant role in property transactions within Madipakkam-1, as it serves as a benchmark for determining the stamp duty and registration fees. When buying or selling property, the guideline value is referenced to ensure compliance with local regulations.

During the registration process, the property must be valued according to the guideline value, and the applicable duties are calculated based on this value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and in accordance with the law.

Frequently asked questions

What is the current guideline value of Rajagopalapuram Extension, Sadasivam Nagar?

The current guideline value of Rajagopalapuram Extension, Sadasivam Nagar is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023, and then to Rs 3,850 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What are the other streets with the same guideline value in Madipakkam-1?

Other streets in Madipakkam-1 that share the same guideline value of Rs 3,850 per sq.ft include Rajagopalapuram Extension, Ram Nagar North Extension, Rajagopalapuram Extension, Sadasivam Nagar Ram Nagar North Extension, Rajagopalapuram Nagar North Extension, and Rajagopalapuram North Nagar Extension, Sadasivam Nagar.

What is the registration fee and stamp duty for properties in this area?

The stamp duty for properties in Rajagopalapuram Extension, Sadasivam Nagar is charged at 7%, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 3,46,500.

Which office handles property registrations for Rajagopalapuram Extension, Sadasivam Nagar?

The Velacheri Sub Registrar Office handles property registrations for Rajagopalapuram Extension, Sadasivam Nagar. The office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.