Guideline Value

Corporate

Guideline Value for SOKKALINGAM NAGAR EXTENTION

₹2420/sq.ft.

The guideline value for Sokkalingam Nagar Extention in Noombal village (Kunrathur SRO, Chennai zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Noombal

Village

Kunrathur

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Sokkalingam Nagar Extention

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Sokkalingam Nagar Extention guideline value

The current guideline value of Sokkalingam Nagar Extention is Rs 2,420 per sq.ft, effective from 1 July 2024. This area is located in Noombal village under the Kunrathur SRO, classified as Commercial Class I Type - III.

How the guideline value of Sokkalingam Nagar Extention has changed

The guideline value for Sokkalingam Nagar Extention has undergone several revisions over the years. The earliest revision listed is from 2017, where the guideline value was Rs 1,474 per sq.ft. This increased to Rs 2,200 per sq.ft in 2023, and further rose to Rs 2,420 per sq.ft in the 2024 revision, marking a significant increase of 64% from 2017 to 2024. Notably, the guideline value rose by 49% from 2017 to 2023 and by 10% from 2023 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register. The 2024 revision shows a clear upward trend in the guideline value, reflecting the changes over the years.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with guideline values in 2024 ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Sokkalingam Nagar Extention's 2024 figure above this median.

Stamp duty and registration fee for property in Sokkalingam Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sokkalingam Nagar Extention?

The Sokkalingam Nagar Extention falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Noombal. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during the property registration process.

When a property is sold, the guideline value helps determine the official value of the property for registration purposes. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sokkalingam Nagar Extention?

The current guideline value of Sokkalingam Nagar Extention is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,474 per sq.ft in 2017 to Rs 2,420 per sq.ft in 2024, showing a total increase of 64% over this period.

What is the registration office for Sokkalingam Nagar Extention?

The Kunrathur Sub Registrar Office covers Sokkalingam Nagar Extention, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 24,20,000 would incur a stamp duty of Rs 1,69,400 at the current rate of 7%.

Are there any other streets in Noombal with similar guideline values?

Yes, other streets in Noombal, such as Sokkalingam Nagar and Sokkalingam Nagar Main Road, also have a guideline value of Rs 2,420 per sq.ft in 2024, while several others are at Rs 2,090 per sq.ft.