Guideline Value for Sadasivam Nagar

Sadasivam Nagar guideline value

The current guideline value of Sadasivam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village is part of the Kanchipuram Joint II SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Sadasivam Nagar has changed

The guideline value for Sadasivam Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The current 2024 revision reflects a further increase to Rs 1,100 per sq.ft, marking a 10% rise from the previous year.

Between the 2017 and 2023 revisions, the guideline value rose significantly by 49%. Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Sadasivam Nagar.

• Sambanthamoorthy Nagar: Rs 1,100 per sq.ft (2024)
• Ramasamy Nagar: Rs 1,100 per sq.ft (2024)
• Selva vinayagar Nagar: Rs 875 per sq.ft (2024)
• P.S.K. Nagar: Rs 1,100 per sq.ft (2024)
• Sivalingam Nagar: Rs 1,100 per sq.ft (2024)
• S M Doss Avenue: Rs 1,100 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that 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 information.

Which Sub Registrar Office covers Sadasivam Nagar?

The Sadasivam Nagar area is covered by the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial factor in the registration process when buying or selling property in Sevilimadu - A. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When a property is sold, the guideline value serves as a reference point for calculating the stamp duty and registration fees, which are essential for completing the legal transfer of ownership. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Sadasivam Nagar?

The current guideline value of Sadasivam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has changed from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, representing an overall increase of 64%.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Which Sub Registrar Office serves Sadasivam Nagar?

The Kanchipuram Joint II Sub Registrar Office serves Sadasivam Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What are the guideline values for other streets in Sevilimadu - A?

Other streets in Sevilimadu - A have varying guideline values, with rates ranging from Rs 800 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft.