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Guideline Value

Corporate

Guideline Value for Sadasiva Nagar 1st Main Road

₹3850/sq.ft.

The guideline value for Sadasiva Nagar 1st Main Road in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sadasiva Nagar 1st Main Road

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Sadasiva Nagar 1st Main Road guideline value

The current guideline value of Sadasiva Nagar 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of Sadasiva Nagar 1st Main Road has changed

As per the revisions in the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Sadasiva Nagar 1st Main Road. The guideline value was Rs 3,500 per sq.ft in the 2023 revision, which increased by 10% to Rs 3,850 per sq.ft in the 2024 revision.

This increase reflects the ongoing adjustments in property values. The guideline value for Sadasiva Nagar 1st Main Road in 2024 is now positioned higher than the median guideline value of Rs 2,750 per sq.ft for the 1,823 streets in Madipakkam-1 under the Velacheri SRO.

Guideline values in Madipakkam-1

The guideline values for properties in Madipakkam-1 range from Rs 1,650 to Rs 5,500 per sq.ft as of 2024. The guideline value for Sadasiva Nagar 1st Main Road is above the median value for the area.

Stamp duty and registration fee for property in Sadasiva Nagar 1st Main Road

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, making the total cost for these charges 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sadasiva Nagar 1st Main Road?

The Sadasiva Nagar 1st Main Road falls under 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 information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role during property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees applicable when registering a property sale or purchase.

When a property is registered, the guideline value is considered as a benchmark to ensure that the transaction is recorded accurately. Buyers and sellers should 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 Sadasiva Nagar 1st Main Road?

The current guideline value of Sadasiva Nagar 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 3,500 per sq.ft in 2023 and increased by 10% to Rs 3,850 per sq.ft in 2024.

What is the classification of Sadasiva Nagar 1st Main Road?

Sadasiva Nagar 1st Main Road is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Sadasiva Nagar 1st Main Road?

The Velacheri Sub Registrar Office handles registrations for Sadasiva Nagar 1st Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.