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Guideline Value

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Guideline Value for Ram Nagar North Extension, Rajagopalapuram Extension, Sadasivam Nagar

₹3850/sq.ft.

The guideline value for Ram Nagar North Extension, Rajagopalapuram 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 N/A
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 Ram Nagar North Extension, Rajagopalapuram Extension, Sadasivam Nagar

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Ram Nagar North Extension, Rajagopalapuram Extension, Sadasivam Nagar guideline value

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

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

The guideline value for this street has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was set at Rs 3,500 per sq.ft, which increased to Rs 3,850 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the specified street in the register. The latest figure of Rs 3,850 per sq.ft is now above the median of Rs 2,750 per sq.ft for the 1823 streets in Madipakkam-1 under the Velacheri SRO.

Guideline values in Madipakkam-1

In Madipakkam-1, the guideline values range from Rs 1,650 to Rs 5,500 per sq.ft, with a median of Rs 2,750 per sq.ft. The guideline value for Ram Nagar North Extension, Rajagopalapuram Extension, Sadasivam Nagar is above this median.

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

For a 1,000 sq.ft plot at the current guideline value 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

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

The Sub Registrar Office that covers this area is 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 plays a crucial role during property registration in Madipakkam-1. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in this area.

When selling property, the guideline value ensures that the transaction is recorded at a fair rate, which is essential for both the buyer and seller. This value is updated periodically to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value for Ram Nagar North Extension, Rajagopalapuram Extension, Sadasivam Nagar?

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

How much has the guideline value changed recently?

The guideline value increased from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, representing a change of +10%.

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

Other streets in Madipakkam-1 with the same guideline value of Rs 3,850 per sq.ft include Ram Nagar North Extension, Sadasivam Nagar/ Sivaraman Street, Ram Nagar North Extension Main Road, Ram Nagar North Extension, Sadasivam Street, Ram Nagar North Extension 7th Street, and Ram Nagar North Extension 6th Street.

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 at 7%.