Guideline Value

Corporate

Guideline Value for SOWBAGHIYA NAGAR

₹1001/sq.ft.

The guideline value for Sowbaghiya Nagar in Kosappur village (Thiruvottiyur SRO, Chennai zone) is Rs 1001 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kosappur

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1001 /sq.ft.
From 1-4-2023 ₹1001 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹301 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹450 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹40 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹38 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Sowbaghiya Nagar

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Sowbaghiya Nagar guideline value

The current guideline value of Sowbaghiya Nagar, located in Kosappur village under the Thiruvottiyur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sowbaghiya Nagar has changed

The guideline value for Sowbaghiya Nagar has seen significant changes over the years. In the 2002 revision, the value was Rs 38 per sq.ft, which increased to Rs 40 per sq.ft in 2003. Following this, the value rose dramatically to Rs 200 per sq.ft in 2007, and then further increased to Rs 450 per sq.ft in 2012. The 2017 revision marked a notable jump to Rs 301 per sq.ft, and the value remained at Rs 1,001 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for revisions in the years not listed.

From 2017 to 2023, the guideline value increased by 233%, while from 2012 to 2017, it decreased by 33%. The increase from 2007 to 2012 was 125%, and from 2003 to 2007, the value rose by an impressive 400%. Overall, the guideline value has increased by 2,534% from 2002 to 2024.

Guideline values in Kosappur

In Kosappur, there are 25 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft, with a median value of Rs 1,002 per sq.ft. Sowbaghiya Nagar's 2024 figure is below this median.

Stamp duty and registration fee for property in Sowbaghiya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total cost Rs 90,090. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sowbaghiya Nagar?

The Sub Registrar Office that covers Sowbaghiya Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kosappur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the government receives the appropriate revenue from property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Sowbaghiya Nagar?

The current guideline value of Sowbaghiya Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 38 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, representing an overall increase of 2,534%.

What is the land classification for Sowbaghiya Nagar?

Sowbaghiya Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Sowbaghiya Nagar?

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070, and the registration fee would be Rs 20,020, totaling Rs 90,090.

Where is the Sub Registrar Office for Sowbaghiya Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.