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Guideline Value

Corporate

Guideline Value for Sadasiva Nagar 5th Street

₹3850/sq.ft.

The guideline value for Sadasiva Nagar 5th Street 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 5th Street

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Sadasiva Nagar 5th Street guideline value

The current guideline value of Sadasiva Nagar 5th 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, and is classified as Residential Class I Type - I.

How the guideline value of Sadasiva Nagar 5th Street has changed

In the 2023 revision, the guideline value for Sadasiva Nagar 5th Street was Rs 3,500 per sq.ft. The latest revision in 2024 saw an increase of 10%, bringing the current value to Rs 3,850 per sq.ft. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

The guideline value has seen a consistent upward trend in the recent revisions, with a notable increase from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024. This change reflects the evolving valuation of properties in the area.

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 for the village is Rs 2,750 per sq.ft, placing Sadasiva Nagar 5th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Sadasiva Nagar 5th Street

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, bringing the total cost for these fees to 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 also use our stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Sadasiva Nagar 5th Street?

The Sadasiva Nagar 5th Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Madipakkam-1. It is used to determine the amount of stamp duty and registration fees that need to be paid by the buyer at the time of property registration.

When a property is bought or sold, the guideline value ensures that the transaction is recorded at a fair value, preventing under-reporting of property prices. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sadasiva Nagar 5th Street?

The current guideline value of Sadasiva Nagar 5th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft. The guideline value for Sadasiva Nagar 5th Street is above this median.

What are the stamp duty rates applicable in Sadasiva Nagar 5th Street?

The stamp duty rate applicable is 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is also charged.

Where can I find the Sub Registrar Office for Sadasiva Nagar 5th Street?

The Sub Registrar Office covering Sadasiva Nagar 5th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.