Guideline Value for Sadasiva Nagar

Sadasiva Nagar guideline value

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

How the guideline value of Sadasiva Nagar has changed

The guideline value for Sadasiva Nagar has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 245 per sq.ft. This value increased significantly to Rs 1,200 per sq.ft in 2012, marking a rise of 390%. However, in 2017, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 1,200 per sq.ft, indicating no change from 2023 to 2024.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 390%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Madambakkam

In Madambakkam, 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 guideline value of Sadasiva Nagar.

• Sadasiva Nagar Extn-I,II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty is calculated at 7%, which amounts to Rs 84,000, and the registration fee is 2%, totaling Rs 24,000. Together, the total cost for these fees would be 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.

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

Which Sub Registrar Office covers Sadasiva Nagar?

The Sub Registrar Office that covers Sadasiva Nagar is 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 more information.

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

The guideline value is an essential factor when buying or selling property in Madambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of registration.

When a property is sold, the sale price must be equal to or higher than the guideline value to ensure compliance with registration regulations. This practice helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sadasiva Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed several times, with the most significant increase occurring from Rs 245 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, a rise of 390%. The value has remained at Rs 1,200 per sq.ft since 2012, with no change from 2023 to 2024.

What are the stamp duty and registration fees for property in Sadasiva Nagar?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Sadasiva Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Sadasiva Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification for Sadasiva Nagar?

The land classification for Sadasiva Nagar is Commercial Special Type - I, which indicates the type of development permitted in this area.