Guideline Value for SONALI LAKE VIEW TOWNSHIP

Sonali Lake View Township guideline value

The current guideline value of Sonali Lake View Township is Rs 500 per sq.ft. This property is located in Sonalur village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Sonali Lake View Township has changed

Over the years, the guideline value of Sonali Lake View Township has seen significant changes. The 2017 revision set the guideline value at Rs 201 per sq.ft, and this figure was increased to Rs 500 per sq.ft in the 2023 revision, marking an increase of 149%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only registered values are from the 2017 and 2023 revisions.

Guideline values in Sonalur

Currently, there are no specific village figures available for Sonalur. The Sonali Lake View Township is situated within this village, and there are no other streets in Sonalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sonali Lake View Township

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total charges to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sonali Lake View Township?

The Sub Registrar Office that covers Sonali Lake View Township is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Sonalur. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sonali Lake View Township?

The current guideline value of Sonali Lake View Township is Rs 500 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 201 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, which is an increase of 149%.

Are there any guideline values available for previous years?

No figures are available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Sonali Lake View Township.

What is the stamp duty rate for properties in Sonali Lake View Township?

The stamp duty rate for properties in Sonali Lake View Township is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.