Guideline Value for SOLINGAR RAOD ST

Solingar Raod St guideline value

The current guideline value of Solingar Raod St is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Srikaligapuram village, under the Ramakrishna Rajupettai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Solingar Raod St has changed

In the 2007 revision, the guideline value was Rs 40 per sq.ft. This increased to Rs 75 per sq.ft in 2012, marking an increase of 88%. The value then rose significantly to Rs 50 per sq.ft in 2017, which was a 33% decrease from the previous revision. Following this, the guideline value saw a substantial increase of 200%, reaching Rs 150 per sq.ft in the 2023 revision.

As of the 2024 revision, the guideline value remains at Rs 150 per sq.ft, indicating no change from the previous year. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Srikaligapuram

In Srikaligapuram, there are 17 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 150 per sq.ft, with a median value of Rs 150 per sq.ft. Solingar Raod St's 2024 figure is equal to this median.

• Small St: Rs 150 per sq.ft (2024)
• Santhu St: Rs 150 per sq.ft (2024)
• Tank St: Rs 150 per sq.ft (2024)
• Road St: Rs 150 per sq.ft (2024)
• Ramar Kovil St: Rs 150 per sq.ft (2024)
• Thiruvalluvar St: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Solingar Raod St

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,50,000. The stamp duty at 7% amounts to Rs 10,500, while the registration fee at 2% is Rs 3,000. Together, these fees total Rs 13,500. 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 information.

Which Sub Registrar Office covers Solingar Raod St?

The Sub Registrar Office that covers Solingar Raod St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Srikaligapuram. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers should be aware that the guideline value is often used as a basis for these fees, ensuring that the transaction is recorded accurately.

When a property is registered, the guideline value helps in establishing a legal framework for the transaction. It ensures that both parties are aware of the official value assigned to the property, which is essential for transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Solingar Raod St?

The current guideline value of Solingar Raod St is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, with significant increases in 2017 and 2023.

Which Sub Registrar Office serves Srikaligapuram?

The Ramakrishna Rajupettai Sub Registrar Office serves Srikaligapuram, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is stamp duty calculated for properties in Solingar Raod St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at 7%.

Are there other streets with the same guideline value in Srikaligapuram?

Yes, there are several other streets in Srikaligapuram that also have a guideline value of Rs 150 per sq.ft as of 2024.