Guideline Value for Sadasiva Nagar 2nd street

Sadasiva Nagar 2nd street guideline value

The current guideline value of Sadasiva Nagar 2nd street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village and falls under the Velacheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sadasiva Nagar 2nd street has changed

The guideline value register has no figures for Sadasiva Nagar 2nd street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The only revision available is from 2024, which is Rs 3,850 per sq.ft.

As there are no previous figures for this street, there have been no changes between the revisions above. The only current guideline value is from the 2024 revision.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,750 per sq.ft, placing Sadasiva Nagar 2nd street's 2024 figure above this median.

• Sadasiva Nagar 2nd Main Road: Rs 3,850 per sq.ft (2024)
• Sadasiva Nagar 3rd Cross street: Rs 3,850 per sq.ft (2024)
• Sadasiva Nagar 2nd Cross Street: Rs 3,850 per sq.ft (2024)
• Sadasiva Nagar 3rd Main Road: Rs 3,850 per sq.ft (2024)
• Sadasiva Nagar 1st street: Rs 3,850 per sq.ft (2024)
• Sadasiva Nagar 3rd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Sadasiva Nagar 2nd street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 38,50,000. The stamp duty at 7% amounts to Rs 2,69,500, and the registration fee at 2% is Rs 77,000, totaling Rs 3,46,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sadasiva Nagar 2nd street?

The Sub Registrar Office that covers Sadasiva Nagar 2nd 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the registration reflects a fair value based on the location and type of property.

When buying or selling property, the guideline value is essential for calculating stamp duty and registration fees. Buyers must be aware that these fees are calculated based on the guideline value or the actual sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sadasiva Nagar 2nd street?

The current guideline value of Sadasiva Nagar 2nd street is Rs 3,850 per sq.ft, effective from 1 July 2024.

When was the last revision of the guideline value for this street?

The last revision of the guideline value for Sadasiva Nagar 2nd street was in 2024, with no figures available for previous years such as 2023, 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sadasiva Nagar 2nd street?

The land classification for Sadasiva Nagar 2nd street is Residential Class I Type - I.

How does the guideline value compare to other streets in Madipakkam-1?

The guideline value of Sadasiva Nagar 2nd street is Rs 3,850 per sq.ft, which is above the median guideline value of Rs 2,750 per sq.ft for the 1823 streets in Madipakkam-1 under the Velacheri SRO.

Where can I find the Sub Registrar Office for Sadasiva Nagar 2nd street?

The Sub Registrar Office for Sadasiva Nagar 2nd street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.