Guideline Value for Sadasiva Nagar 1st street

Sadasiva Nagar 1st street guideline value

The current guideline value of Sadasiva Nagar 1st street 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 street has changed

The guideline value register for Sadasiva Nagar 1st street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 3,850 per sq.ft.

As of the 2024 revision, there have been no changes in the guideline value for this street. The current figure is the only one recorded in the register for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, making the 2024 figure for Sadasiva Nagar 1st street above the median.

• Sadasiva Nagar 1st Main Road: Rs 3,850 per sq.ft (2024)
• Sadasiva Nagar 2nd Cross Street: Rs 3,850 per sq.ft (2024)
• Sadasivam Street, Ram Nagar North Extension: Rs 3,850 per sq.ft (2024)
• Sadasiva Nagar 2nd Main Road: Rs 3,850 per sq.ft (2024)
• Sadasiva Nagar 2nd street: Rs 3,850 per sq.ft (2024)
• Sadasivam Nagr Extn: Rs 3,850 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total 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, bringing the total to Rs 3,46,500. 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 information.

Which Sub Registrar Office covers Sadasiva Nagar 1st street?

The Sub Registrar Office that covers Sadasiva Nagar 1st 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 Madipakkam-1

When buying or selling property in Madipakkam-1, the guideline value is an essential factor that determines the stamp duty and registration fees. This value is used to assess the amount of tax payable during the registration process.

The guideline value provides a standard measure for property transactions, ensuring that the fees are calculated based on a consistent framework. It helps in establishing a fair basis for the valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Sadasiva Nagar 1st street?

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

What land classification does Sadasiva Nagar 1st street fall under?

Sadasiva Nagar 1st street is classified as Residential Class I Type - I.

Are there any previous guideline values for Sadasiva Nagar 1st street?

The guideline value register shows no figures for Sadasiva Nagar 1st street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision.

What are the stamp duty rates applicable for properties in Sadasiva Nagar 1st street?

The stamp duty for properties in Sadasiva Nagar 1st street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sadasiva Nagar 1st street?

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