Guideline Value

Corporate

Guideline Value for Sadhasivam Nagar

₹1100/sq.ft.

The guideline value for Sadhasivam Nagar in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sadhasivam Nagar

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Sadhasivam Nagar guideline value

The current guideline value of Sadhasivam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Chembakkam village and falls under the Selaiyur SRO. The land classification for this street is Residential Class III Type - II.

How the guideline value of Sadhasivam Nagar has changed

Over the years, the guideline value for Sadhasivam Nagar has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,100 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2024 revision, the overall change has been a modest increase of 10%. The most significant change occurred between the 2017 and 2023 revisions, where the value increased by 49%. The increase from 2023 to 2024 is 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 value for these streets is Rs 2,200 per sq.ft, indicating that the guideline value for Sadhasivam Nagar is below this median.

Stamp duty and registration fee for property in Sadhasivam 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 cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sadhasivam Nagar?

The Sub Registrar Office that covers Sadhasivam Nagar 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 is a crucial factor in property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

During the registration process, buyers and sellers must adhere to the guideline value set by the Registration Department. This ensures transparency and helps prevent undervaluation of properties, which could lead to discrepancies in tax assessments.

Frequently asked questions

What is the current guideline value of Sadhasivam Nagar?

The current guideline value of Sadhasivam Nagar 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 several times, from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Sadhasivam Nagar?

Sadhasivam Nagar is classified as Residential Class III Type - II, indicating its designation for residential purposes.

What are the other streets in Chembakkam with the same guideline value?

Other streets in Chembakkam that share the same guideline value of Rs 1,100 per sq.ft include Sadhasivam Nagar 1st Cross Street, Sadhasivam Nagar 2nd Cross Street, Sadhasivam Nagar 3rd Street, Sadhasivam Nagar Main Road, Sadasivam Nagar 2nd Street, and Sadasivam Nagar 1st Street.

Where can I find the Sub Registrar Office for Sadhasivam Nagar?

The Sub Registrar Office for Sadhasivam Nagar is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.