Guideline Value for Thangal Salai (Sadasiva Nagar)

Thangal Salai (Sadasiva Nagar) guideline value

The current guideline value of Thangal Salai (Sadasiva Nagar) is Rs 2,750 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 - III.

How the guideline value of Thangal Salai (Sadasiva Nagar) has changed

According to the guideline value register, there are no figures for Thangal Salai (Sadasiva Nagar) for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,500 per sq.ft, which increased to Rs 2,750 per sq.ft in the 2024 revision, marking a change of +10%.

The current figure of Rs 2,750 per sq.ft aligns with the median guideline value of Rs 2,750 per sq.ft for the 1,823 streets in Madipakkam-1 under the Velacheri SRO. The 2023 revision was the last recorded value before the increase in 2024.

Guideline values in Madipakkam-1

The guideline values for Madipakkam-1 range from Rs 1,650 to Rs 5,500 per sq.ft, with the median being Rs 2,750 per sq.ft. Thangal Salai (Sadasiva Nagar) holds a guideline value that is equal to this median.

• Thangavelu Street: Rs 2,200 per sq.ft (2024)
• Thangavelu Street Extn: Rs 2,200 per sq.ft (2024)
• Thara Barathi Street: Rs 2,200 per sq.ft (2024)
• Tharabatathi Street, Jaya Nagar: Rs 2,200 per sq.ft (2024)
• Thendulkar Street: Rs 2,200 per sq.ft (2024)
• Tamilselvi Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Thangal Salai (Sadasiva Nagar)

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, making the total cost for these fees Rs 2,47,500. It is important to note that 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 Thangal Salai (Sadasiva Nagar)?

The Sub Registrar Office that covers Thangal Salai (Sadasiva 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the transaction is recorded accurately. The fees are calculated based on this value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thangal Salai (Sadasiva Nagar)?

The current guideline value of Thangal Salai (Sadasiva Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thangal Salai (Sadasiva Nagar) was Rs 2,500 per sq.ft in 2023, which increased to Rs 2,750 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Thangal Salai (Sadasiva Nagar)?

Thangal Salai (Sadasiva Nagar) is classified as Residential Class I Type - III, indicating its designation for residential purposes within the area.

Where can I find the registration office for Thangal Salai (Sadasiva Nagar)?

The registration office for Thangal Salai (Sadasiva Nagar) is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in Thangal Salai (Sadasiva Nagar)?

Stamp duty for properties in Thangal Salai (Sadasiva Nagar) is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total guideline value of Rs 27,50,000.