Guideline Value for SOLAR NAGAR

Solar Nagar guideline value

The current guideline value of Solar Nagar, located in Thammanur village under the Walajabad SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Solar Nagar has changed

The guideline value for Solar Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. The value then increased significantly to Rs 300 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, indicating a 0% change from 2023 to 2024.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. Overall, the guideline value from 2012 to 2024 has remained constant at Rs 300 per sq.ft, reflecting stability in the most recent revisions. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thammanur

In Thammanur village, there are 16 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 448 per sq.ft. The median value among these streets is Rs 300 per sq.ft, which is the same as the guideline value for Solar Nagar.

• Sri Balaji Nagar: Rs 150 per sq.ft (2024)
• Sri Sai City: Rs 200 per sq.ft (2024)
• Sri Sathya Nagar: Rs 300 per sq.ft (2024)
• Rishi Nagar: Rs 150 per sq.ft (2024)
• Vettri Nagar Pase-1: Rs 150 per sq.ft (2024)
• Oragadam Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Solar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees together Rs 27,000. 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 Solar Nagar?

The Sub Registrar Office that covers Solar Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thammanur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that both buyers and sellers comply with the legal requirements.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the state receives the appropriate revenue from property transactions, reflecting the established values within the locality.

Frequently asked questions

What is the current guideline value of Solar Nagar?

The current guideline value of Solar Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value of Solar Nagar changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 300 per sq.ft in both 2023 and 2024. It decreased to Rs 201 per sq.ft in 2017 from Rs 300 per sq.ft in 2012.

What are the other streets in Thammanur and their guideline values?

Other streets in Thammanur include Sri Balaji Nagar at Rs 150 per sq.ft, Sri Sai City at Rs 200 per sq.ft, and Sri Sathya Nagar at Rs 300 per sq.ft, among others.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Solar Nagar located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles the registration of properties in Solar Nagar.