Guideline Value for Sadasiva Nagar Extn-I,II

Sadasiva Nagar Extn-I,II guideline value

The current guideline value of Sadasiva Nagar Extn-I,II is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Commercial Special Type - I.

How the guideline value of Sadasiva Nagar Extn-I,II has changed

Looking at the historical revisions, the guideline value for Sadasiva Nagar Extn-I,II has seen several changes over the years. The 2007 revision set the value at Rs 275 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in the 2012 revision. However, this value dropped to Rs 804 per sq.ft in the 2017 revision before stabilizing at Rs 1,200 per sq.ft in both the 2023 and 2024 revisions.

From 2017 to 2023, there was a notable increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the jump from 2007 to 2012 was a substantial 336%. Overall, from 2007 to 2024, the guideline value has increased by 336%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madambakkam

In Madambakkam village, there are 110 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,200 per sq.ft, which is equal to the current value of Sadasiva Nagar Extn-I,II.

• Sadasiva Nagar: Rs 1,200 per sq.ft (2024)
• Sai Avenue: Rs 1,201 per sq.ft (2024)
• Sakthi Avenue: Rs 1,200 per sq.ft (2024)
• Santhosh Nagar: Rs 1,200 per sq.ft (2024)
• Ram Nagar: Rs 1,200 per sq.ft (2024)
• Saraswathi Garden: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sadasiva Nagar Extn-I,II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. 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 information.

Which Sub Registrar Office covers Sadasiva Nagar Extn-I,II?

The Sadasiva Nagar Extn-I,II area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Madambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This ensures that the transaction is recorded at a value that reflects the current market conditions as set by the government.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sadasiva Nagar Extn-I,II?

The current guideline value of Sadasiva Nagar Extn-I,II is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the most recent revision in 2024 maintaining the value at Rs 1,200 per sq.ft. The value increased from Rs 275 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, before stabilizing again at Rs 1,200 per sq.ft in the 2023 and 2024 revisions.

What is the land classification for Sadasiva Nagar Extn-I,II?

The land classification for Sadasiva Nagar Extn-I,II is Commercial Special Type - I, indicating its designation for commercial use.

Where can I find the registration office for Sadasiva Nagar Extn-I,II?

The registration office covering Sadasiva Nagar Extn-I,II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Sadasiva Nagar Extn-I,II?

Stamp duty for property in Sadasiva Nagar Extn-I,II is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 84,000.