Guideline Value

Corporate

Guideline Value for Sadasiva Nagar Main Road

₹3850/sq.ft.

The guideline value for Sadasiva Nagar 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 Main Road

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Sadasiva Nagar Main Road guideline value

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

How the guideline value of Sadasiva Nagar Main Road has changed

As per the guideline value register, the revisions for Sadasiva Nagar Main Road show that there was no figure available for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 3,500 per sq.ft, which was an increase from the previous revisions. The most recent revision in 2024 raised the value to Rs 3,850 per sq.ft, reflecting a change of +10% from the 2023 figure.

The current guideline value of Rs 3,850 per sq.ft is now above the median value of Rs 2,750 per sq.ft for the 1,823 streets in Madipakkam-1 under the Velacheri SRO. This indicates that Sadasiva Nagar Main Road has a relatively higher valuation compared to many other streets in the area.

Guideline values in Madipakkam-1

The guideline values for the streets in Madipakkam-1 range from Rs 1,650 to Rs 5,500 per sq.ft as per the 2024 revision. Sadasiva Nagar Main Road's current figure of Rs 3,850 per sq.ft is above the median value. Here are the guideline values for other streets in Madipakkam-1:

Stamp duty and registration fee for property in Sadasiva Nagar 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 amounts to Rs 38,50,000. The stamp duty, charged at 7%, would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000. Together, the total cost for stamp duty and registration fee would be 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sadasiva Nagar Main Road?

The Sadasiva Nagar 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 is a critical factor when registering property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with state regulations.

When buying or selling property, the guideline value will be used to calculate the applicable stamp duty and registration fees, which are essential components of the transaction process. Buyers should be aware of these values to ensure they are fully informed before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Sadasiva Nagar Main Road?

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

How much has the guideline value changed recently?

Between the 2023 and 2024 revisions, the guideline value increased by +10%, from Rs 3,500 per sq.ft to Rs 3,850 per sq.ft.

What is the land classification for Sadasiva Nagar Main Road?

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

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 3,850 per sq.ft incurs a total guideline value of Rs 38,50,000, leading to a stamp duty of Rs 2,69,500.