Guideline Value for Sadasivam Nagar, Ram Nagar Laout South Main Road,

Sadasivam Nagar, Ram Nagar Laout South Main Road, guideline value

The current guideline value of Sadasivam Nagar, Ram Nagar Laout South Main Road, is Rs 2,750 per sq.ft, effective from 1 July 2024. This property 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, Ram Nagar Laout South Main Road, has changed

The guideline value for Sadasivam Nagar, Ram Nagar Laout South Main Road, has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 1,675 per sq.ft. The most recent revision in 2024 saw an increase to Rs 2,750 per sq.ft, marking a significant rise of 64% from the 2017 figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. The current rate of Rs 2,750 per sq.ft aligns with the median guideline value for the village, which ranges from Rs 1,650 to Rs 5,500 per sq.ft.

Guideline values in Madipakkam-1

In Madipakkam-1, there are a total of 1823 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 2,750 per sq.ft, which is the same as the current guideline value for Sadasivam Nagar, Ram Nagar Laout South Main Road.

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

Stamp duty and registration fee for property in Sadasivam Nagar, Ram Nagar Laout South Main Road,

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to 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, totaling Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sadasivam Nagar, Ram Nagar Laout South Main Road,?

The Sadasivam Nagar, Ram Nagar Laout South 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 an essential factor in property transactions in Madipakkam-1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices and preparing for registration.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sadasivam Nagar, Ram Nagar Laout South Main Road?

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

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft, which is a rise of 64%.

What are the guideline values for other streets in Madipakkam-1?

Other streets in Madipakkam-1 have varying guideline values, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for the village is Rs 2,750 per sq.ft.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Madipakkam-1?

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 27,50,000, the stamp duty at 7% would be Rs 1,92,500.