Guideline Value for SADASIVAM NAGAR

Sadasivam Nagar guideline value

The current guideline value of Sadasivam Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This locality is situated in Mappedu village under the Perambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Sadasivam Nagar has changed

The guideline value for Sadasivam Nagar has seen several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 201 per sq.ft. This value increased to Rs 275 per sq.ft in the 2023 revision, marking a 37% rise. The 2024 revision has maintained the same value of Rs 275 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 37%.

Guideline values in Mappedu

In Mappedu, there are 9 streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 234 to Rs 400 per sq.ft. The median value among these streets is Rs 275 per sq.ft, which is the same as the guideline value for Sadasivam Nagar.

• Rose Garden: Rs 400 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 275 per sq.ft (2024)
• Sri Krishna Nagar: Rs 234 per sq.ft (2024)
• Sri Vigneshwara Nagar: Rs 268 per sq.ft (2024)
• Star City: Rs 268 per sq.ft (2024)
• Thirukumaran Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sadasivam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, while the registration fee at 2% would be Rs 5,500, bringing the total to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Sadasivam Nagar?

The Sub Registrar Office that covers Sadasivam Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mappedu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial implications of the transaction based on the established rates for the locality.

Frequently asked questions

What is the current guideline value of Sadasivam Nagar?

The current guideline value of Sadasivam Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 275 per sq.ft in both 2023 and 2024, representing a 37% increase overall from 2017 to 2024.

Where can I find the Sub Registrar Office for Sadasivam Nagar?

The Sub Registrar Office for Sadasivam Nagar is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

What are the other streets in Mappedu with their guideline values?

Other streets in Mappedu include Rose Garden at Rs 400 per sq.ft, Sri Dhanalakshmi Nagar at Rs 275 per sq.ft, Sri Krishna Nagar at Rs 234 per sq.ft, among others.

How is the stamp duty calculated for properties in Sadasivam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 275 per sq.ft, the stamp duty would be Rs 19,250.