Guideline Value for SORNAMBIGAI NAGAR

Sornambigai Nagar guideline value

The current guideline value of Sornambigai Nagar is Rs 350 per sq.ft, as per the 2023 revision. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class III Type - I.

How the guideline value of Sornambigai Nagar has changed

In the 2012 revision, the guideline value was Rs 350 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 234 per sq.ft, marking a decrease of 33%. However, the 2023 revision saw a significant increase, bringing the guideline value back up to Rs 350 per sq.ft, reflecting a rise of 50% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 350 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Sornambigai Nagar is one of the streets under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sornambigai Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sornambigai Nagar?

The Sub Registrar Office that covers Sornambigai Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thozhuvur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the higher amount between the guideline value and the sale price is considered for calculating the duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sornambigai Nagar?

The current guideline value of Sornambigai Nagar is Rs 350 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased back to Rs 350 per sq.ft in 2023. Overall, from 2012 to 2023, it has remained the same.

What is the stamp duty rate for properties in Sornambigai Nagar?

The stamp duty rate for properties in Sornambigai Nagar is 7%. This is calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Sornambigai Nagar located?

The Sub Registrar Office for Sornambigai Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What is the land classification of Sornambigai Nagar?

Sornambigai Nagar is classified as Residential Class III Type - I according to the guidelines set by the registration department.