Guideline Value

Corporate

Guideline Value for SOWBAKYA NAGAR

₹400/sq.ft.

The guideline value for Sowbakya Nagar in Thachoor_2 village (Ponneri SRO, Chennai zone) is Rs 400 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 33% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thachoor_2

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[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 Sowbakya Nagar

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Sowbakya Nagar guideline value

The current guideline value of Sowbakya Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thachoor_2 village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Sowbakya Nagar has changed

The guideline value of Sowbakya Nagar has undergone several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 300 per sq.ft, which increased to Rs 400 per sq.ft in the 2024 revision, marking a change of +33%.

Prior to the 2023 revision, there were no recorded values for the years mentioned. The increase from Rs 300 to Rs 400 per sq.ft reflects the latest adjustment in the guideline value for this street.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of Sowbakya Nagar is below this median.

Stamp duty and registration fee for property in Sowbakya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, resulting in a total of Rs 36,000. Please note that the 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 more details.

Which Sub Registrar Office covers Sowbakya Nagar?

The Sub Registrar Office that covers Sowbakya Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value is a crucial factor in the registration process when buying or selling property in Thachoor_2. It is used to determine the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a buyer or seller engages in a property transaction, the guideline value helps establish the official worth of the property, which is essential for legal and financial purposes.

Frequently asked questions

What is the current guideline value of Sowbakya Nagar?

The current guideline value of Sowbakya Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, reflecting a change of +33%.

What are the other streets with guideline values in Thachoor_2?

Other streets in Thachoor_2 include Sri Balamurugan Nagar, Sri Balasubramaniam Nagar, Sri Devi Gayathri Nagar, Sri Durgai Amman Nagar, Singapur Estate Phase I, II & III, and Sri Sai Nagar, with values ranging from Rs 400 to Rs 800 per sq.ft in 2024.

How is stamp duty calculated in Sowbakya Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000.

Where is the Sub Registrar Office for Sowbakya Nagar located?

The Sub Registrar Office for Sowbakya Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.