Guideline Value for SADHANANDHA NAGAR

Sadhanandha Nagar guideline value

The current guideline value of Sadhanandha Nagar, located in Nedunkumdram village under the Tambaram Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Sadhanandha Nagar has changed

The guideline value for Sadhanandha Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The 2024 revision further raised this figure to Rs 1,650 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has risen by 64%. This reflects a notable upward trend in the guideline value over the past few revisions.

Guideline values in Nedunkumdram

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

• Sadanantha Puram: Rs 1,650 per sq.ft (2024)
• Saraswathi Nagar: Rs 1,430 per sq.ft (2024)
• Saraswathi Nagar Extension: Rs 1,430 per sq.ft (2024)
• Ramasamy Nagar: Rs 1,320 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 Sadhanandha Nagar

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, bringing the total cost to 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sadhanandha Nagar?

Sadhanandha Nagar falls under 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 plays a crucial role during the registration of property transactions in Nedunkumdram. It is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

When buying or selling property, the guideline value is referenced to ensure compliance with legal requirements. It helps in maintaining transparency in property transactions and ensures that both buyers and sellers are aware of the costs involved.

Frequently asked questions

What is the current guideline value of Sadhanandha Nagar?

The current guideline value of Sadhanandha Nagar 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 increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for properties in Sadhanandha Nagar?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office is responsible for Sadhanandha Nagar?

The Tambaram Joint 1 Sub Registrar Office covers Sadhanandha Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of Sadhanandha Nagar?

Sadhanandha Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.