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Guideline Value

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Guideline Value for Sadasivam Nagar 5th Main Road, Ram Nagar South 7th Main Road,

₹2750/sq.ft.

The guideline value for Sadasivam Nagar 5th Main Road, Ram Nagar South 7th Main Road, in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
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 Sadasivam Nagar 5th Main Road, Ram Nagar South 7th Main Road,

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Sadasivam Nagar 5th Main Road, Ram Nagar South 7th Main Road, guideline value

The current guideline value of Sadasivam Nagar 5th Main Road, Ram Nagar South 7th Main Road, is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in the Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - III.

How the guideline value of Sadasivam Nagar 5th Main Road, Ram Nagar South 7th Main Road, has changed

The guideline value for Sadasivam Nagar 5th Main Road, Ram Nagar South 7th Main Road, has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which matches the current guideline value for Sadasivam Nagar 5th Main Road.

Stamp duty and registration fee for property in Sadasivam Nagar 5th Main Road, Ram Nagar South 7th Main Road,

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sadasivam Nagar 5th Main Road, Ram Nagar South 7th Main Road,?

The Sadasivam Nagar 5th Main Road, Ram Nagar South 7th Main Road, is covered by 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 buying or selling property in Madipakkam-1, as it determines the amount of stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

It is essential for both buyers and sellers to understand the guideline value, as it ensures transparency in property transactions and helps in assessing the financial implications of buying or selling real estate in the area.

Frequently asked questions

What is the current guideline value of Sadasivam Nagar 5th Main Road?

The current guideline value of Sadasivam Nagar 5th Main Road, Ram Nagar South 7th Main Road, is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, which is an overall increase of 64%.

What were the guideline values in previous revisions?

The guideline values for previous revisions are as follows: Rs 1,675 per sq.ft in 2017, Rs 2,500 per sq.ft in 2023, and Rs 2,750 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.

Where can I find more information about the registration office?

The Velacheri Sub Registrar Office covers the Sadasivam Nagar 5th Main Road, Ram Nagar South 7th Main Road, and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more information by visiting the appropriate link.