Guideline Value for Sadhasiva Nagar I

Sadhasiva Nagar I guideline value

The current guideline value of Sadhasiva Nagar I is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Sadhasiva Nagar I has changed

The guideline value for Sadhasiva Nagar I has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2024, the value saw a significant increase of 64%, bringing it to the current rate of Rs 2,750 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Sadhasiva Nagar I is above this median.

• Sadhasiva Nagar Extentsion-III: Rs 2,750 per sq.ft (2024)
• Sadha Siva Nagar I & II: Rs 2,750 per sq.ft (2024)
• Sadhasiva Nagar Extension-IV: Rs 4,000 per sq.ft (2024)
• Sadha Siva Nagar Extension I & II: Rs 2,750 per sq.ft (2024)
• Sadaiyappan Koil Street: Rs 1,100 per sq.ft (2024)
• Sadaiyandiamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sadhasiva Nagar I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total 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, bringing the total fees together 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 detailed calculations.

Which Sub Registrar Office covers Sadhasiva Nagar I?

The Sub Registrar Office that covers Sadhasiva Nagar I is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial element in the property registration process in Madambakkam. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted at fair values as per the government regulations.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sadhasiva Nagar I?

The current guideline value of Sadhasiva Nagar I is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,750 per sq.ft in 2024. There are no figures for the years 2002, 2003, 2007, and 2023 in the register for this street.

What is the land classification for Sadhasiva Nagar I?

Sadhasiva Nagar I is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 27,50,000, the total fees would amount to Rs 2,47,500.

Which office handles property registrations for Sadhasiva Nagar I?

The Selaiyur Sub Registrar Office handles property registrations for Sadhasiva Nagar I, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.