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Guideline Value

Corporate

Guideline Value for Ram Nagar South, Sadasivam Nagar

₹2750/sq.ft.

The guideline value for Ram Nagar South, Sadasivam Nagar in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. 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 ₹2500 /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 South, Sadasivam Nagar

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Ram Nagar South, Sadasivam Nagar guideline value

The current guideline value of Ram Nagar South, Sadasivam Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Madipakkam-1 village and is classified as Residential Class I Type - III, governed by the Velacheri SRO.

How the guideline value of Ram Nagar South, Sadasivam Nagar has changed

The guideline value for Ram Nagar South, Sadasivam Nagar has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show a guideline value of Rs 2,500 per sq.ft from the 2023 revision, which increased to Rs 2,750 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street in the years mentioned. The 2024 revision aligns with the median guideline value for Madipakkam-1, which ranges from Rs 1,650 to Rs 5,500 per sq.ft.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with a 2024 guideline value range from Rs 1,650 to Rs 5,500 per sq.ft. The guideline value for Ram Nagar South, Sadasivam Nagar is equal to the median of Rs 2,750 per sq.ft. Below are the guideline values for other streets in Madipakkam-1:

Stamp duty and registration fee for property in Ram Nagar South, Sadasivam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate estimations.

Which Sub Registrar Office covers Ram Nagar South, Sadasivam Nagar?

The Sub Registrar Office that covers Ram Nagar South, 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

When buying or selling property in Madipakkam-1, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value is used to assess the minimum value of the property for these calculations, ensuring that the transaction is registered at a fair value as per the government regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value is regularly updated, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Ram Nagar South, Sadasivam Nagar?

The current guideline value of Ram Nagar South, Sadasivam Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a +10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Ram Nagar South, Sadasivam Nagar?

Ram Nagar South, Sadasivam Nagar is classified as Residential Class I Type - III, which indicates its designation for residential purposes within the locality.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles registrations for properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 2,47,500.