Guideline Value for Sadagopan Nagar

Sadagopan Nagar guideline value

The current guideline value of Sadagopan Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sadagopan Nagar has changed

The guideline value for Sadagopan Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 250 per sq.ft. This increased significantly to Rs 2,100 per sq.ft in 2012, marking a substantial rise of 740%. However, in 2017, the value decreased to Rs 1,407 per sq.ft, a drop of 33%. The value then saw a notable increase to Rs 2,100 per sq.ft in 2023, followed by the current figure of Rs 2,310 per sq.ft in 2024, which represents a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 824%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is the same as the current guideline value for Sadagopan Nagar.

• Sai Avenue: Rs 1,980 per sq.ft (2024)
• Rukmani Street: Rs 1,980 per sq.ft (2024)
• Ruby's Shoba Castle: Rs 3,740 per sq.ft (2024)
• Ruby Builders: Rs 2,640 per sq.ft (2024)
• RSR Nagar: Rs 2,310 per sq.ft (2024)
• Saint Johns School Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Sadagopan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value comes to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, making the total cost for these fees Rs 2,07,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sadagopan Nagar?

The Sub Registrar Office that covers Sadagopan Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perungalathur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction price. It ensures that the government receives the appropriate revenue from property transactions, based on the established values in the area.

Frequently asked questions

What is the current guideline value of Sadagopan Nagar?

The current guideline value of Sadagopan Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 250 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, reflecting an overall increase of 824% from the initial figure.

What is the median guideline value for streets in Perungalathur?

The median guideline value for streets in Perungalathur is Rs 2,310 per sq.ft, which is the same as the current value for Sadagopan Nagar.

What fees are associated with purchasing property in Sadagopan Nagar?

When purchasing property in Sadagopan Nagar, buyers should be aware of the stamp duty at 7% and the registration fee at 2% of the guideline value, which can add a significant amount to the overall cost.

Where can I find the Sub Registrar Office for Sadagopan Nagar?

The Sub Registrar Office for Sadagopan Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.