Guideline Value for Sachidanandam Nagar Therasa Street

Sachidanandam Nagar Therasa Street guideline value

The current guideline value of Sachidanandam Nagar Therasa 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 Sachidanandam Nagar Therasa Street has changed

The guideline value for Sachidanandam Nagar Therasa Street has undergone several revisions over the years. The earliest recorded revision in the register is from 2012, where the guideline value was set at Rs 3,500 per sq.ft. The most recent revision in 2024 raised this figure to Rs 3,850 per sq.ft, reflecting a 10% increase from the 2012 revision.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only figures noted in the register are from 2012 and 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Sachidanandam Nagar Therasa Street's 2024 figure below that median.

• Sachidanandam Nagar Sanjay Garden Street: Rs 3,850 per sq.ft (2024)
• Sachidhanandhapuram: Rs 3,850 per sq.ft (2024)
• Sachidanandam Nagar Main Road Cross Street: Rs 3,850 per sq.ft (2024)
• Sachidanandam Nagar (Mahaveer Nagar): Rs 3,850 per sq.ft (2024)
• Sachidanandam Nagar Extn 6th Street: Rs 3,850 per sq.ft (2024)
• Sachidanandam Nagar Extn 5th Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Sachidanandam Nagar Therasa 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 fees to Rs 3,46,500. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sachidanandam Nagar Therasa Street?

The Sachidanandam Nagar Therasa Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transfer.

When a buyer or seller engages in a transaction, the guideline value ensures that the government receives the appropriate revenue from property sales. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sachidanandam Nagar Therasa Street?

The current guideline value of Sachidanandam Nagar Therasa 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 for this street was Rs 3,500 per sq.ft in 2012 and increased to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase.

Are there any years without a recorded guideline value for this street?

Yes, there are no recorded guideline values for Sachidanandam Nagar Therasa Street in the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value for streets in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, which is above the current value of Sachidanandam Nagar Therasa Street.

Where can I find the Sub Registrar Office for Sachidanandam Nagar Therasa Street?

The Velacheri Sub Registrar Office covers Sachidanandam Nagar Therasa Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.