Guideline Value for Sadasivam Nagar, Rajagopalapuram Extension,

Sadasivam Nagar, Rajagopalapuram Extension, guideline value

The current guideline value of Sadasivam Nagar, Rajagopalapuram Extension, is Rs 3,850 per sq.ft, effective from 1 July 2024. This area falls under the Madipakkam-1 village and is classified as Residential Class I Type - I, managed by the Velacheri SRO.

How the guideline value of Sadasivam Nagar, Rajagopalapuram Extension, has changed

The guideline value for Sadasivam Nagar, Rajagopalapuram Extension, has seen significant changes over the years. The 2017 revision set the value at Rs 2,345 per sq.ft, and the most recent revision in 2024 increased it to Rs 3,850 per sq.ft, marking a substantial rise of 64% over this period. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2017 revision, there were no recorded figures for Sadasivam Nagar, Rajagopalapuram Extension, in the years mentioned. The 2024 figure of Rs 3,850 per sq.ft is a notable increase reflecting the recent valuation adjustments in the area.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Sadasivam Nagar, Rajagopalapuram Extension, is above this median.

• Sadasivam Nagar/Madipakkam Velacheri (Main) Road: Rs 5,500 per sq.ft (2024)
• Sadasivam Nagar, Rajagopalapuram North Nagar Extension: Rs 3,850 per sq.ft (2024)
• Sadasivam Nagar, Bazzar Road: Rs 5,500 per sq.ft (2024)
• Sadasivam Nagar, Ram Nagar Laout South Main Road: Rs 2,750 per sq.ft (2024)
• Sadasivam Nagar 6th Main Road,Ram Nagar South 7th Main Road: Rs 2,750 per sq.ft (2024)
• Sadasivam Nagar, Ram Nagar North Extension, Rajagopalapuram Extension: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Sadasivam Nagar, Rajagopalapuram Extension,

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 at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. 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 detailed calculations.

Which Sub Registrar Office covers Sadasivam Nagar, Rajagopalapuram Extension,?

The Sub Registrar Office that covers Sadasivam Nagar, Rajagopalapuram Extension, is 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 plays a crucial role in the registration process of property transactions in Madipakkam-1. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is essential for calculating the stamp duty and registration fees. It is important to note that these charges are based on the higher of the guideline value or the actual sale price, which ensures transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sadasivam Nagar, Rajagopalapuram Extension?

The current guideline value of Sadasivam Nagar, Rajagopalapuram Extension, is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, which is a rise of 64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sadasivam Nagar, Rajagopalapuram Extension?

Sadasivam Nagar, Rajagopalapuram Extension, is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

For a property valued at Rs 38,50,000, the stamp duty is Rs 2,69,500, and the registration fee is Rs 77,000, totaling Rs 3,46,500. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Sadasivam Nagar, Rajagopalapuram Extension located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles the registration of properties in this area.