Guideline Value

Corporate

Guideline Value for SOTHUPAKKAM ROAD

₹385/sq.ft.

The guideline value for Sothupakkam Road in Boodur village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Boodur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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 Sothupakkam Road

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Sothupakkam Road guideline value

The current guideline value of Sothupakkam Road in Boodur village, under the Redhills SRO, is Rs 385 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sothupakkam Road has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. This value decreased to Rs 234 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 50%, reaching Rs 350 per sq.ft. The most recent revision in 2024 saw another increase, bringing the value to Rs 385 per sq.ft, which is a 10% rise from the previous year.

There are no recorded guideline values for Sothupakkam Road in the revisions of 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a net increase of 10%.

Guideline values in Boodur

In Boodur village, there are 15 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 257 to Rs 1,150 per sq.ft, with the median value being Rs 385 per sq.ft. The guideline value of Sothupakkam Road is equal to this median figure.

Stamp duty and registration fee for property in Sothupakkam Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,85,000. The stamp duty, calculated at 7%, would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total to Rs 34,650. 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 the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sothupakkam Road?

The Sub Registrar Office covering Sothupakkam Road is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Boodur. It serves as a benchmark for determining the stamp duty and registration fees that will be applicable during the transaction.

When a property is registered, the guideline value is used to ensure that the transaction is recorded at a value that reflects the official rates set by the government. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Sothupakkam Road?

The current guideline value of Sothupakkam Road is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then to Rs 350 per sq.ft in 2023, and finally to Rs 385 per sq.ft in 2024.

What is the median guideline value in Boodur?

The median guideline value in Boodur is Rs 385 per sq.ft, which is the same as the current value of Sothupakkam Road.

What are the stamp duty and registration fees for a property in Sothupakkam Road?

For a property valued at Rs 3,85,000, the stamp duty would be Rs 26,950 and the registration fee would be Rs 7,700, totaling Rs 34,650.

Where can I find the Sub Registrar Office for Sothupakkam Road?

The Sub Registrar Office for Sothupakkam Road is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.