Guideline Value

Corporate

Guideline Value for SOWRNAMBIGAI 2ND STREET

₹3520/sq.ft.

The guideline value for Sowrnambigai 2nd Street in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹404 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹350 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Sowrnambigai 2nd Street

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Sowrnambigai 2nd Street guideline value

The current guideline value of Sowrnambigai 2nd Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sowrnambigai 2nd Street has changed

The guideline value for Sowrnambigai 2nd Street has seen several revisions over the years. In 2002, the guideline value was Rs 350 per sq.ft. This increased to Rs 404 per sq.ft in 2003, marking a 15% rise. The value then saw a significant increase to Rs 700 per sq.ft in 2007, which was a 73% increase. Following this, the value surged to Rs 3,200 per sq.ft in 2012, reflecting a 357% increase. However, it decreased to Rs 2,144 per sq.ft in 2017, showing a decline of 33%. The guideline value then rose to Rs 3,200 per sq.ft in 2023, before reaching the current value of Rs 3,520 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 906%. The register has no figure for the years between 2017 and 2023.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. Sowrnambigai 2nd Street's current guideline value is below this median.

Stamp duty and registration fee for property in Sowrnambigai 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sowrnambigai 2nd Street?

The Sub Registrar Office that covers Sowrnambigai 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ekkaduthangal. It is used to determine the stamp duty and registration fees that must be paid, ensuring that all transactions are conducted according to the established rates set by the government.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects the true value of the transaction as per the government guidelines.

Frequently asked questions

What is the current guideline value of Sowrnambigai 2nd Street?

The current guideline value of Sowrnambigai 2nd Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 350 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 906% over this period.

What is the land classification for Sowrnambigai 2nd Street?

The land classification for Sowrnambigai 2nd Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Sowrnambigai 2nd Street?

The Sub Registrar Office for Sowrnambigai 2nd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for property in Sowrnambigai 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000, leading to a stamp duty of Rs 2,46,400.