Guideline Value for Sachidhanandhapuram : -

Sachidhanandhapuram : - guideline value

The current guideline value of Sachidhanandhapuram 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 Sachidhanandhapuram : - has changed

In the 2012 revision, the guideline value was set at Rs 3,500 per sq.ft. This represents an increase of 10% to the current rate of Rs 3,850 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002, 2003, 2007, 2017, and 2023.

The most recent revision in 2024 shows a significant adjustment from the previous figure in 2012. The increase from Rs 3,500 to Rs 3,850 indicates a notable change in the guideline value, reflecting the ongoing developments in the area.

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 Sachidhanandhapuram's 2024 figure below this median.

• Sachidanandam Nagar Therasa Street: Rs 3,850 per sq.ft (2024)
• Sachidanandam Nagar Sanjay Garden Street: 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 Sachidhanandhapuram : -

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Sachidhanandhapuram : -?

Sachidhanandhapuram falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Velachery, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed and documented according to the established rates.

Frequently asked questions

What is the current guideline value of Sachidhanandhapuram?

The current guideline value of Sachidhanandhapuram is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, which is a 10% increase. The register has no figure for this street for the years 2002, 2003, 2007, 2017, and 2023.

What are the guideline values for other streets in Velachery?

Other streets in Velachery have varying guideline values, with rates for several streets listed at Rs 3,850 per sq.ft in 2024. The median value for the village is Rs 4,400 per sq.ft, indicating that Sachidhanandhapuram's value is below this median.

What fees are associated with property registration in Sachidhanandhapuram?

When registering a property, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 3,46,500 in fees.

Where can I find the Sub Registrar Office for Sachidhanandhapuram?

The Velacheri Sub Registrar Office covers Sachidhanandhapuram and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO through the provided link.