Guideline Value for Sadasivam Nagar

Sadasivam Nagar guideline value

The current guideline value of Sadasivam Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification.

How the guideline value of Sadasivam Nagar has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the value was Rs 96 per sq.ft, which increased to Rs 328 per sq.ft in 2007, marking a 242% rise. The value then surged to Rs 1,500 per sq.ft in 2012, reflecting a remarkable increase of 357%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The value remained at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 1463%. The 2024 revision's value of Rs 1,500 per sq.ft is equal to the median value of Rs 1,500 per sq.ft for the 169 streets in Nandhivaram under the Gooduvancheri SRO.

Guideline values in Nandhivaram

In Nandhivaram, the guideline values for various streets range from Rs 1,000 to Rs 3,500 per sq.ft, with the median being Rs 1,500 per sq.ft. Sadasivam Nagar's guideline value aligns perfectly with this median.

• Rose Avenue: Rs 1,000 per sq.ft (2024)
• Sakthi Nagar: Rs 1,500 per sq.ft (2024)
• Sakthi Nagar Extn: Rs 1,500 per sq.ft (2024)
• Rani Anna Nagar: Rs 1,500 per sq.ft (2024)
• Saraswathi Avenue: Rs 1,500 per sq.ft (2024)
• Sarojini Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sadasivam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Please 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?

The Sadasivam Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Nandhivaram

The guideline value plays a crucial role during the registration of property transactions in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency in property dealings and ensures compliance with the regulatory framework.

Frequently asked questions

What is the current guideline value of Sadasivam Nagar?

The current guideline value of Sadasivam Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 96 per sq.ft in 2002 to Rs 1,500 per sq.ft in the 2024 revision, reflecting an overall increase of 1463% from 2002 to 2024.

What is the land classification for Sadasivam Nagar?

Sadasivam Nagar is classified as Residential Special Type - I, which is important for understanding the zoning and usage regulations in the area.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

How do I calculate stamp duty and registration fees for property in Sadasivam Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.