Guideline Value

Corporate

Guideline Value for SOODIAMMAN PET

₹6600/sq.ft.

The guideline value for Soodiamman Pet in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹698 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹629 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Soodiamman Pet

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Soodiamman Pet guideline value

The current guideline value of Soodiamman Pet is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village, under the Thiyagaraya nagar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Soodiamman Pet has changed

The guideline value for Soodiamman Pet has seen significant changes over the years. In 2002, the value was Rs 629 per sq.ft, which increased to Rs 698 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 1,000 per sq.ft in 2007, reflecting a 43% increase. Following that, the value surged to Rs 6,000 per sq.ft in 2012, a remarkable increase of 500%. However, it dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, and most recently, it has increased to Rs 6,600 per sq.ft in 2024, which is a 10% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 949%. The register does not have figures for the years between these revisions for this street.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value of these streets is Rs 6,600 per sq.ft, which is equal to the current value for Soodiamman Pet.

Stamp duty and registration fee for property in Soodiamman Pet

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Soodiamman Pet?

The Sub Registrar Office covering Soodiamman Pet is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Mambalam. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is conducted in accordance with local regulations.

During the registration process, buyers and sellers must ensure that the sale price meets or exceeds the guideline value to avoid any legal complications. This value is regularly updated to reflect changes in the real estate landscape, making it essential for all parties involved in property transactions to stay informed.

Frequently asked questions

What is the current guideline value of Soodiamman Pet?

The current guideline value of Soodiamman Pet is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 629 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, showing a total increase of 949% over the years.

What is the land classification for Soodiamman Pet?

Soodiamman Pet is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property in Soodiamman Pet?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles registrations for Soodiamman Pet?

The Thiyagaraya nagar Sub Registrar Office handles registrations for Soodiamman Pet, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.