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Guideline Value

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Guideline Value for SORAKAYAPET (THOPPU STREET )

₹104/sq.ft.

The guideline value for Sorakayapet (thoppu Street ) in Kolathur village (Pallipattu SRO, Chennai zone) is Rs 104 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 4% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Pallipattu

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹104 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹60 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹90 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹35 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207
044-27843480
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Sorakayapet (thoppu Street )

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Sorakayapet (Thoppu Street ) guideline value

The current guideline value of Sorakayapet (Thoppu Street) is Rs 104 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Pallipattu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sorakayapet (Thoppu Street ) has changed

The guideline value for Sorakayapet (Thoppu Street) has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 35 per sq.ft, which increased significantly to Rs 90 per sq.ft in 2012. However, there was a decrease to Rs 60 per sq.ft in 2017. The value then rose to Rs 100 per sq.ft in 2023, and currently stands at Rs 104 per sq.ft as of the 2024 revision, marking a 4% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 197%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kolathur

In Kolathur, there are 18 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 104 to Rs 150 per sq.ft. The median value is Rs 104 per sq.ft, which is the same as the current guideline value for Sorakayapet (Thoppu Street).

Stamp duty and registration fee for property in Sorakayapet (Thoppu Street )

For a 1,000 sq.ft plot at the current rate of Rs 104 per sq.ft, the guideline value amounts to Rs 1,04,000. The stamp duty at 7% would be Rs 7,280, and the registration fee at 2% would be Rs 2,080, bringing the total fees to Rs 9,360. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sorakayapet (Thoppu Street )?

The Sub Registrar Office that covers Sorakayapet (Thoppu Street) is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Sorakayapet (Thoppu Street)?

The current guideline value of Sorakayapet (Thoppu Street) is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 35 per sq.ft in 2007 to Rs 104 per sq.ft in 2024, marking an overall increase of 197% over the years.

What is the registration fee for property in Sorakayapet (Thoppu Street)?

The registration fee is 2% of the guideline value. For a property valued at Rs 1,04,000, the registration fee would be Rs 2,080.

Where can I find the Sub Registrar Office for Sorakayapet (Thoppu Street)?

The Sub Registrar Office for Sorakayapet (Thoppu Street) is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

What other streets in Kolathur have similar guideline values?

Other streets in Kolathur under the Pallipattu SRO include Sri Venkateswara Nagar, Saliyar Street, Road Street, Raja Street, and Vaniyar Street, all with a guideline value of Rs 104 per sq.ft in 2024.