Guideline Value for Sachidananada Nagar Datha Street

Sachidananada Nagar Datha Street guideline value

The current guideline value of Sachidananada Nagar Datha Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Sachidananada Nagar Datha Street has changed

The guideline value for Sachidananada Nagar Datha Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,500 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in the 2012 revision, marking a 133% rise. However, in the 2017 revision, it decreased to Rs 2,345 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, and most recently, it increased by 10% to Rs 3,850 per sq.ft in the 2024 revision.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 157%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO that have a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, indicating that Sachidananada Nagar Datha Street's 2024 figure is below the median.

• Sachidananada Nagar Anaga Street: Rs 3,850 per sq.ft (2024)
• Sachidananada Nagar Main Salai: Rs 3,850 per sq.ft (2024)
• Sachidanandam Nagar: Rs 3,850 per sq.ft (2024)
• Sachidanandam Nagar 1st Street: Rs 3,850 per sq.ft (2024)
• Sachidanandam Nagar Extn 2nd Street: Rs 3,850 per sq.ft (2024)
• Sachidanandam Nagar Extn 3rd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Sachidananada Nagar Datha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sachidananada Nagar Datha Street?

The Sub Registrar Office that covers Sachidananada Nagar Datha Street 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 details.

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

The guideline value is a crucial factor in the registration process for property transactions in Velachery. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Sachidananada Nagar Datha Street?

The current guideline value of Sachidananada Nagar Datha Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 157% over the years.

What is the land classification for Sachidananada Nagar Datha Street?

Sachidananada Nagar Datha Street is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for Sachidananada Nagar Datha Street?

The Sub Registrar Office for Sachidananada Nagar Datha Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 2,69,500.