Guideline Value for Sadhasivam Nagar 3rd Street

Sadhasivam Nagar 3rd Street guideline value

The current guideline value of Sadhasivam Nagar 3rd Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO and is classified as Residential Class III Type - II.

How the guideline value of Sadhasivam Nagar 3rd Street has changed

The guideline value for Sadhasivam Nagar 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, followed by another increase to Rs 1,100 per sq.ft in the 2024 revision. The register has no figure for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that the 2024 figure for Sadhasivam Nagar 3rd Street is below this median.

• Sadhasivam Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Sadhasivam Nagar Main Road: Rs 1,100 per sq.ft (2024)
• Sadhasivam Nagar 1st Cross Street: Rs 1,100 per sq.ft (2024)
• Sadhasivam Nagar: Rs 1,100 per sq.ft (2024)
• Sadasivam Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• Sadasivam Nagar 1st Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sadhasivam Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while 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 and the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Sadhasivam Nagar 3rd Street?

The Sub Registrar Office that covers Sadhasivam Nagar 3rd Street 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 Chembakkam

The guideline value plays a crucial role during the registration of property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall transaction costs. Buyers should ensure that they are prepared for the financial implications of the guideline value when finalizing property deals.

Frequently asked questions

What is the current guideline value of Sadhasivam Nagar 3rd Street?

The current guideline value of Sadhasivam Nagar 3rd Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Chembakkam?

The median guideline value for streets in Chembakkam is Rs 2,200 per sq.ft, which is higher than the current value for Sadhasivam Nagar 3rd Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Sadhasivam Nagar 3rd Street?

The Selaiyur Sub Registrar Office handles registrations for Sadhasivam Nagar 3rd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.