Guideline Value for SONACHALAM STREET

Sonachalam Street guideline value

The current guideline value of Sonachalam Street is Rs 1,400 per sq.ft as per the 2023 revision. This street is located in Navaloor village and falls under the Thiruporur Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Sonachalam Street has changed

The guideline value for Sonachalam Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 475 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a rise of 111%. However, the 2017 revision saw a decrease to Rs 670 per sq.ft, which was a drop of 33%. The most recent revision in 2023 set the value at Rs 1,400 per sq.ft, reflecting an increase of 109% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 195%. It is important to note that there are no figures available for the 2002, 2003, and 2024 revisions in the register for this street.

Guideline values in Navaloor

Currently, there are no specific village figures available for Navaloor. Sonachalam Street is the only street mentioned in the context of guideline values under the Thiruporur SRO.

Stamp duty and registration fee for property in Sonachalam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty, charged at 7%, would be Rs 98,000, and the registration fee, charged at 2%, would be Rs 28,000. Together, the total cost for stamp duty and registration fee would be Rs 1,26,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sonachalam Street?

The Sub Registrar Office that covers Sonachalam Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Navaloor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the purchase or sale of property.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in compliance with the regulations set by the Registration Department. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sonachalam Street?

The current guideline value of Sonachalam Street is Rs 1,400 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 475 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2023, which is an overall increase of 195%.

What are the stamp duty and registration fees for a property on Sonachalam Street?

For a property measuring 1,000 sq.ft, the total guideline value is Rs 14,00,000. The stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which office handles the registration for Sonachalam Street?

The Thiruporur Sub Registrar Office handles the registration for Sonachalam Street, located at No.29, South Mada Street, Thiruporur-603110.

Are there other streets in Navaloor with guideline values?

Currently, there are no other streets in Navaloor mentioned with guideline values. Sonachalam Street is the only street listed under the Thiruporur SRO.