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Guideline Value

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Guideline Value for Ram Nagar South 7th Main Road,Sadasivam Nagar 6th Main Road,

₹2750/sq.ft.

The guideline value for Ram Nagar South 7th Main Road,sadasivam Nagar 6th Main Road, in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
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 South 7th Main Road,sadasivam Nagar 6th Main Road,

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Ram Nagar South 7th Main Road,Sadasivam Nagar 6th Main Road, guideline value

The current guideline value for Ram Nagar South 7th Main Road, Sadasivam Nagar 6th Main Road, is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in the Madipakkam-1 village under the Velacheri SRO and is classified as Residential Class I Type - III.

How the guideline value of Ram Nagar South 7th Main Road,Sadasivam Nagar 6th Main Road, has changed

The guideline value register has no figures for Ram Nagar South 7th Main Road, Sadasivam Nagar 6th Main Road, for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which sets the guideline value at Rs 2,750 per sq.ft.

As there have been no changes between the revisions, the current guideline value remains consistent with the median value of Rs 2,750 per sq.ft for the village of Madipakkam-1.

Guideline values in Madipakkam-1

In Madipakkam-1, there are a total of 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which matches the guideline value for Ram Nagar South 7th Main Road, Sadasivam Nagar 6th Main Road.

Stamp duty and registration fee for property in Ram Nagar South 7th Main Road,Sadasivam Nagar 6th Main Road,

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 Ram Nagar South 7th Main Road,Sadasivam Nagar 6th Main Road,?

The Sub Registrar Office that covers Ram Nagar South 7th Main Road, Sadasivam Nagar 6th Main Road, 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 crucial role in the registration process of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to understand that the guideline value may influence the sale price. Buyers and sellers should be aware of this value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value for Ram Nagar South 7th Main Road, Sadasivam Nagar 6th Main Road?

The current guideline value for Ram Nagar South 7th Main Road, Sadasivam Nagar 6th Main Road, is Rs 2,750 per sq.ft, effective from 1 July 2024.

What is the land classification for Ram Nagar South 7th Main Road, Sadasivam Nagar 6th Main Road?

Ram Nagar South 7th Main Road, Sadasivam Nagar 6th Main Road, is classified as Residential Class I Type - III.

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

Other streets in Madipakkam-1 with a guideline value of Rs 2,750 per sq.ft include Ram Nagar South 7th Street, Ram Nagar South 7th Main Road, Sadasivam Nagar 5th Main Road, Ram Nagar South 8th Cross Street, Ram Nagar South 8th Main Road, and Ram Nagar South 7th Cross Street.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.

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

The Sub Registrar Office for Ram Nagar South 7th Main Road, Sadasivam Nagar 6th Main Road, is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.