Guideline Value for SADHASIVA NAGAR EXTENSION-IV

Sadhasiva Nagar Extension-IV guideline value

The current guideline value of Sadhasiva Nagar Extension-IV is Rs 4,000 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village, under the Selaiyur Sub Registrar Office (SRO). The land classification for this street is Mixed Special Type - I.

How the guideline value of Sadhasiva Nagar Extension-IV has changed

Over the years, the guideline value for Sadhasiva Nagar Extension-IV has seen significant changes. The 2017 revision set the value at Rs 1,675 per sq.ft, which was later revised to Rs 3,735 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 4,000 per sq.ft, marking a 7% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 139%.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was notable at 123%, highlighting the substantial growth in the guideline value over this period.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Sadhasiva Nagar Extension-IV is above this median, reflecting its current valuation.

• Sadha Siva Nagar Extension I & II: Rs 2,750 per sq.ft (2024)
• Sadhasiva Nagar Extentsion-III: Rs 2,750 per sq.ft (2024)
• Sadhasiva Nagar I: Rs 2,750 per sq.ft (2024)
• Sadha Siva Nagar I & II: Rs 2,750 per sq.ft (2024)
• Sadaiyappan Koil Street: Rs 1,100 per sq.ft (2024)
• Sadaiyandiamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sadhasiva Nagar Extension-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total fees to Rs 3,60,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Sadhasiva Nagar Extension-IV?

The Sub Registrar Office covering Sadhasiva Nagar Extension-IV is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Madambakkam. It is used as a basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure that they comply with legal requirements and financial obligations.

When a property is sold, the guideline value is compared to the sale price. The higher of the two will be used to determine the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sadhasiva Nagar Extension-IV?

The current guideline value of Sadhasiva Nagar Extension-IV is Rs 4,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 4,000 per sq.ft in 2024, marking an overall increase of 139%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000 and the registration fee would be Rs 80,000, totaling Rs 3,60,000.

Which office handles property registrations in Sadhasiva Nagar Extension-IV?

The Selaiyur Sub Registrar Office is responsible for property registrations in Sadhasiva Nagar Extension-IV, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Sadhasiva Nagar Extension-IV?

The land classification for Sadhasiva Nagar Extension-IV is Mixed Special Type - I, indicating its diverse use potential.