Guideline Value for SHOLIGHUR ROAD

Sholighur Road guideline value

The current guideline value of Sholighur Road in Pudupet village is Rs 500 per sq.ft, effective from the 2024 revision. This area falls under the Pallipattu Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Sholighur Road has changed

Over the years, the guideline value of Sholighur Road has seen several revisions. The earliest recorded figure is from 2017, where the guideline value was Rs 402 per sq.ft. In the subsequent revisions, the value increased to Rs 500 per sq.ft in both 2023 and 2024, marking a 24% increase from the 2017 figure. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 500 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 24%.

Guideline values in Pudupet

Pudupet village has 42 streets under the Pallipattu SRO, with guideline values for 2024 ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value in this village is Rs 350 per sq.ft, placing Sholighur Road's 2024 figure above the median.

• Santhapet 2 Street: Rs 500 per sq.ft (2024)
• Santhapet 1 Street: Rs 500 per sq.ft (2024)
• Saliyar Street(A)gandhi Street: Rs 350 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 350 per sq.ft (2024)
• Subramaniya Nagar: Rs 600 per sq.ft (2024)
• Thalapathi Sivaraj Street: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Sholighur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty is charged at 7%, resulting in Rs 35,000, and the registration fee is 2%, amounting to Rs 10,000. Together, the total fees would be Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sholighur Road?

The Sub Registrar Office that covers Sholighur Road is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pudupet. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sholighur Road?

The current guideline value of Sholighur Road is Rs 500 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 402 per sq.ft in 2017 to Rs 500 per sq.ft in both 2023 and 2024, marking a 24% increase overall from 2017 to 2024.

What is the land classification for Sholighur Road?

Sholighur Road is classified as Residential Special Type - II under the guideline value register.

What is the registration office for Sholighur Road?

The registration office for Sholighur Road is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How is stamp duty calculated for properties in Pudupet?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 5,00,000, the stamp duty at 7% would be Rs 35,000.