Guideline Value for Sadasivam Nagar, Ram Nagar South,

Sadasivam Nagar, Ram Nagar South, guideline value

The current guideline value of Sadasivam Nagar, Ram Nagar South, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Madipakkam-1 village and is classified as Residential Class I Type - III, governed by the Velacheri SRO.

How the guideline value of Sadasivam Nagar, Ram Nagar South, has changed

The guideline value for Sadasivam Nagar, Ram Nagar South, has seen significant changes over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, an increase from Rs 1,675 per sq.ft in the 2017 revision, marking a change of +64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

In summary, the 2017 revision was the last recorded figure prior to the 2024 update. The 2024 guideline value aligns with the median value of Rs 2,750 per sq.ft for the 1823 streets in Madipakkam-1 under the Velacheri SRO.

Guideline values in Madipakkam-1

In Madipakkam-1, the guideline values range from Rs 1,650 to Rs 5,500 per sq.ft, with a median of Rs 2,750 per sq.ft. The guideline value of Sadasivam Nagar, Ram Nagar South, matches this median.

• Sadasivam Nagar/Ram Nagar North Extension / Sivaraman Street: Rs 3,850 per sq.ft (2024)
• Sadasivam Nagr Extn: Rs 3,850 per sq.ft (2024)
• Sadasivam Nagar, Ram Nagar North Extension, 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 Street, Ram Nagar North Extension: Rs 3,850 per sq.ft (2024)
• Sadasivam Nagar, Rajagopalapuram North Nagar Extension: Rs 3,850 per sq.ft (2024)

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

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 amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sadasivam Nagar, Ram Nagar South,?

The Sadasivam Nagar, Ram Nagar South, area 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 is a critical factor in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This system helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Sadasivam Nagar, Ram Nagar South?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, reflecting a change of +64%. There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft. This median value is reflective of the range of values across the 1823 streets in the village.

What are the stamp duty and registration fees for properties in Sadasivam Nagar, Ram Nagar South?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total charges would be Rs 2,47,500.

Which office handles registrations for Sadasivam Nagar, Ram Nagar South?

The Velacheri Sub Registrar Office handles registrations for Sadasivam Nagar, Ram Nagar South. It is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.