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Guideline Value

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Guideline Value for Rajagopalapuram North Nagar Extension, Sadasivam Nagar

₹3850/sq.ft.

The guideline value for Rajagopalapuram North Nagar Extension, Sadasivam Nagar in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rajagopalapuram North Nagar Extension, Sadasivam Nagar

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Rajagopalapuram North Nagar Extension, Sadasivam Nagar guideline value

The current guideline value of Rajagopalapuram North Nagar Extension, Sadasivam Nagar is Rs 3,850 per sq.ft, effective from 1 July 2024. This area falls under the Velacheri Sub Registrar Office (SRO) in Chennai zone and is classified as Residential Class I Type - I.

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

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

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, indicating significant changes in the guideline value over the years.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, placing Rajagopalapuram North Nagar Extension above that median at Rs 3,850 per sq.ft.

Stamp duty and registration fee for property in Rajagopalapuram North Nagar 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 would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost for stamp duty and registration Rs 3,46,500. Note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajagopalapuram North Nagar Extension, Sadasivam Nagar?

The Rajagopalapuram North Nagar Extension, Sadasivam Nagar is covered by 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 is a crucial factor during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Rajagopalapuram North Nagar Extension?

The current guideline value of Rajagopalapuram North Nagar Extension 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 3,850 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets with similar guideline values in Madipakkam-1?

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

What is the registration fee for property in Rajagopalapuram North Nagar Extension?

The registration fee for property in Rajagopalapuram North Nagar Extension is calculated at 2% of the guideline value. For a property valued at Rs 38,50,000, the registration fee would be Rs 77,000.

Where can I find the Sub Registrar Office for Rajagopalapuram North Nagar Extension?

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