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Guideline Value

Corporate

Guideline Value for Sivaprakasa Nagar 5th Cross Street

₹3850/sq.ft.

The guideline value for Sivaprakasa Nagar 5th Cross Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sivaprakasa Nagar 5th Cross Street

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Sivaprakasa Nagar 5th Cross Street guideline value

The current guideline value for Sivaprakasa Nagar 5th Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of Sivaprakasa Nagar 5th Cross Street has changed

The guideline value register has no figures for Sivaprakasa Nagar 5th Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 3,850 per sq.ft.

There have been no changes between the revisions noted above. The 2024 revision is the only figure recorded for this street in the guideline value register.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,750 per sq.ft, placing the 2024 figure for Sivaprakasa Nagar 5th Cross Street above this median.

Stamp duty and registration fee for property in Sivaprakasa Nagar 5th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to 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, bringing the total fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivaprakasa Nagar 5th Cross Street?

The Sivaprakasa Nagar 5th Cross Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a critical factor during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial obligations involved in the transaction. It is essential for both buyers and sellers to be aware of the current guideline values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Sivaprakasa Nagar 5th Cross Street?

The current guideline value for Sivaprakasa Nagar 5th Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

What is the land classification for Sivaprakasa Nagar 5th Cross Street?

Sivaprakasa Nagar 5th Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

How does the guideline value for Sivaprakasa Nagar 5th Cross Street compare to other streets in Madipakkam-1?

The guideline value of Rs 3,850 per sq.ft for Sivaprakasa Nagar 5th Cross Street is above the median value of Rs 2,750 per sq.ft for the area, reflecting its relative position among other streets.

What are the stamp duty and registration fees for a property in Sivaprakasa Nagar 5th Cross Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles the registration for Sivaprakasa Nagar 5th Cross Street?

The Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, handles the registration for Sivaprakasa Nagar 5th Cross Street.