Guideline Value for SADANANTHA PURAM

Sadanantha Puram guideline value

The current guideline value of Sadanantha Puram is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Nedunkumdram village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sadanantha Puram has changed

The guideline value of Sadanantha Puram has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and further rose to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. Notably, the register has no figures for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO with a 2024 guideline value range from Rs 330 to Rs 5,300 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sadanantha Puram's 2024 figure below that median.

• Sadhanandha Nagar: Rs 1,650 per sq.ft (2024)
• Ramasamy Nagar: Rs 1,320 per sq.ft (2024)
• Saraswathi Nagar: Rs 1,430 per sq.ft (2024)
• Saraswathi Nagar Extension: Rs 1,430 per sq.ft (2024)
• Sbjh Garden: Rs 1,980 per sq.ft (2024)
• S & P Signature Villas: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sadanantha Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, the total cost for stamp duty and registration fee would be Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sadanantha Puram?

The Sub Registrar Office that covers Sadanantha Puram is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Nedunkumdram

The guideline value is a crucial factor during property transactions in Nedunkumdram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps in assessing the minimum value on which the stamp duty is calculated. This ensures that the transaction is recorded accurately and reflects the appropriate financial obligations of both parties involved in the sale.

Frequently asked questions

What is the current guideline value of Sadanantha Puram?

The current guideline value of Sadanantha Puram is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Sadanantha Puram?

The land classification for Sadanantha Puram is Residential Special Type - I.

What are the stamp duty and registration fees for properties in Sadanantha Puram?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total cost for stamp duty and registration would be Rs 1,48,500.

Which office handles registrations for Sadanantha Puram?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Sadanantha Puram, located at No.26, Mes Road, East Tambaram, Chennai-600059.