Guideline Value for SOKKALINGAM Nagar

SOKKALINGAM Nagar guideline value

The current guideline value of SOKKALINGAM Nagar is Rs 201 per sq.ft, effective from 1 July 2024. This area is located in Podhaturpet (W) village and falls under the Pallipattu SRO. The land classification for this locality is Residential Class I Type - III.

How the guideline value of SOKKALINGAM Nagar has changed

In the 2024 revision, the guideline value for SOKKALINGAM Nagar is Rs 201 per sq.ft. The previous revision in 2023 also recorded the same guideline value of Rs 201 per sq.ft. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

Between 2023 and 2024, there was no change in the guideline value, maintaining a consistent rate of Rs 201 per sq.ft. The absence of figures from earlier revisions indicates that the guideline value has remained stable in this locality over the years.

Guideline values in Podhaturpet (W)

Currently, there are no specific village figures provided for Podhaturpet (W). SOKKALINGAM Nagar is the only street mentioned under this locality, and there are no other streets in Podhaturpet (W) listed in the records.

Stamp duty and registration fee for property in SOKKALINGAM Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 201 per sq.ft, the total guideline value amounts to Rs 2,01,000. The stamp duty at 7% would be Rs 14,070, and the registration fee at 2% would be Rs 4,020, leading to a total of Rs 18,090. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SOKKALINGAM Nagar?

SOKKALINGAM Nagar is covered by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Podhaturpet (W)

The guideline value plays a critical role during the registration process when buying or selling property in SOKKALINGAM Nagar. It serves as a benchmark for calculating the stamp duty and registration fees, which are essential components of the property transaction process.

When a property is registered, the authorities will assess either the guideline value or the sale price, charging duty on the higher of the two. This ensures that the transaction adheres to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of SOKKALINGAM Nagar?

The current guideline value of SOKKALINGAM Nagar is Rs 201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 201 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties in SOKKALINGAM Nagar?

For a property valued at Rs 2,01,000, the stamp duty would be Rs 14,070 at 7%, and the registration fee would be Rs 4,020 at 2%, totaling Rs 18,090. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers SOKKALINGAM Nagar?

The Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, covers SOKKALINGAM Nagar.

Are there any other streets listed in Podhaturpet (W)?

No other streets in Podhaturpet (W) are mentioned in the records. SOKKALINGAM Nagar is the only street referenced for this locality.