Guideline Value for Sadasivam Nagar 2nd Street

Sadasivam Nagar 2nd Street guideline value

The current guideline value of Sadasivam Nagar 2nd Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, classified as Residential Class III Type - II.

How the guideline value of Sadasivam Nagar 2nd Street has changed

The guideline value for Sadasivam Nagar 2nd Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 300% rise. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 1,000 per sq.ft in the 2023 revision, before reaching the current value of Rs 1,100 per sq.ft in the 2024 revision, representing a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 340%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, making the 2024 figure for Sadasivam Nagar 2nd Street below this median.

• Sadasivam Nagar 1st Street: Rs 1,100 per sq.ft (2024)
• Sadhasivam Nagar: Rs 1,100 per sq.ft (2024)
• Sadhasivam Nagar 1st Cross Street: Rs 1,100 per sq.ft (2024)
• Sadhasivam Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Sadhasivam Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Sadhasivam Nagar Main Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sadasivam Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000 for these fees. 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 Sadasivam Nagar 2nd Street?

The Sub Registrar Office that covers Sadasivam Nagar 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of properties in Chembakkam. It serves as a reference for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Sadasivam Nagar 2nd Street?

The current guideline value of Sadasivam Nagar 2nd Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 340% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Sadasivam Nagar 2nd Street?

The Selaiyur Sub Registrar Office covers Sadasivam Nagar 2nd Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the land classification for Sadasivam Nagar 2nd Street?

Sadasivam Nagar 2nd Street is classified as Residential Class III Type - II, indicating its suitability for residential purposes.