Guideline Value for Sadasivam nagar

Sadasivam nagar guideline value

The current guideline value of Sadasivam nagar is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Madipakkam-1 village under the Velacheri SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Sadasivam nagar has changed

The guideline value register for Sadasivam nagar shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 3,850 per sq.ft.

As there are no figures available for the previous revisions, there have been no changes in the guideline value for Sadasivam nagar between the revisions listed above.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO carrying a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Sadasivam nagar is above this median.

• Sadasivam Nagar 1st Cross Street: Rs 3,850 per sq.ft (2024)
• Sadasivam Nagar 1st Link Street: Rs 3,850 per sq.ft (2024)
• Sadasivam Nagar 1st Main Road: Rs 3,850 per sq.ft (2024)
• Sadasivam Nagar 2nd Cross Street: Rs 3,850 per sq.ft (2024)
• Sadasivam Nagar 2nd Link Street: Rs 3,850 per sq.ft (2024)
• Sadasivam nagar 2nd Main Road: Rs 3,850 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 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sadasivam nagar?

The Sub Registrar Office that covers Sadasivam nagar is 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 a crucial factor in the registration process for property transactions in Madipakkam-1. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Sadasivam nagar?

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

What is the land classification of Sadasivam nagar?

Sadasivam nagar falls under the Residential Class I Type - I land classification.

How many streets are there in Madipakkam-1?

There are 1823 streets in Madipakkam-1 under the Velacheri SRO, each carrying a guideline value for 2024.

What are the stamp duty rates for property in Sadasivam nagar?

The stamp duty for property in Sadasivam nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

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.