Guideline Value

Corporate

Guideline Value for Sokkammal Nagar

₹1430/sq.ft.

The guideline value for Sokkammal Nagar in Chennerkuppam village (Kunrathur SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chennerkuppam

Village

Kunrathur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹450 /sq.ft.
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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Sokkammal Nagar

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Sokkammal Nagar guideline value

The current guideline value of Sokkammal Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Chennerkuppam village, under the Kunrathur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sokkammal Nagar has changed

The guideline value for Sokkammal Nagar has undergone several revisions over the years. The earliest recorded value was Rs 450 per sq.ft in 2007. This figure increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 189%. However, in 2017, the value decreased to Rs 871 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 1,300 per sq.ft in 2023, and subsequently increased to the current rate of Rs 1,430 per sq.ft in 2024, showing a change of 10% from the previous year. It is important to note that the register has no figure for Sokkammal Nagar for the years 2002 and 2003.

From 2017 to 2023, the guideline value saw a notable increase of 49%. Overall, from the initial value in 2007 to the current value in 2024, there has been a substantial increase of 218%. This historical data highlights the fluctuations in the guideline value over the years.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value of Sokkammal Nagar is below this median.

Stamp duty and registration fee for property in Sokkammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty, charged at 7%, would be Rs 1,00,100, while the registration fee at 2% would be Rs 28,600, bringing the total fees together to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sokkammal Nagar?

The Sub Registrar Office that covers Sokkammal Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Chennerkuppam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is documented accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs associated with property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sokkammal Nagar?

The current guideline value of Sokkammal Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, showing an overall increase of 218% over the years.

What are the guideline values of other streets in Chennerkuppam?

Other streets in Chennerkuppam have varying guideline values, with rates ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft.

What is the stamp duty for property in Sokkammal Nagar?

The stamp duty for property in Sokkammal Nagar is calculated at 7% of the guideline value. For a plot valued at Rs 14,30,000, the stamp duty amounts to Rs 1,00,100.

Where can I find the Sub Registrar Office for Sokkammal Nagar?

The Sub Registrar Office for Sokkammal Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information by checking the relevant resources.