Guideline Value for Sadasivam Nagar, Rajagopalapuram North Nagar Extension,

Sadasivam Nagar, Rajagopalapuram North Nagar Extension, guideline value

The current guideline value of Sadasivam Nagar, Rajagopalapuram North Nagar Extension, is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I and falls under the jurisdiction of the Velacheri Sub Registrar Office.

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

The guideline value for this street has seen significant changes over the years. The 2017 revision set the value at Rs 2,345 per sq.ft, and with the latest 2024 revision, it has increased to Rs 3,850 per sq.ft, marking a change of +64%. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

To summarize the revisions, the 2017 figure was Rs 2,345 per sq.ft, and the current 2024 figure is Rs 3,850 per sq.ft. This increase reflects the evolving real estate scenario in the area, but it is important to note that prior years do not have registered figures for this specific street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value range from Rs 1,650 to Rs 5,500 per sq.ft. The median value for this area is Rs 2,750 per sq.ft, placing Sadasivam Nagar, Rajagopalapuram North Nagar Extension, above the median at Rs 3,850 per sq.ft.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total of 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 more detailed calculations, you can use the stamp duty and registration fee calculator.

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

The Sadasivam Nagar, Rajagopalapuram North Nagar Extension, is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can visit find your SRO.

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 when buying or selling property in Madipakkam-1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the official value set by the government.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since the 2017 revision, which set the value at Rs 2,345 per sq.ft, the guideline value has increased to Rs 3,850 per sq.ft in 2024, marking a change of +64%. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Sadasivam Nagar, Rajagopalapuram North Nagar Extension?

The land classification for Sadasivam Nagar, Rajagopalapuram North Nagar Extension, is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Velacheri Sub Registrar Office covers Sadasivam Nagar, Rajagopalapuram North Nagar Extension, and 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 higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500.