Guideline Value for Solampedu Road

Solampedu Road guideline value

The current guideline value of Solampedu Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Ambattur village, under the Ambattur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Solampedu Road has changed

The guideline value for Solampedu Road has seen several revisions over the years. In the 2012 revision, the value was Rs 6,000 per sq.ft. This decreased to Rs 4,020 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 6,000 per sq.ft. The latest 2024 revision has further increased the value to Rs 6,600 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of Solampedu Road is above this median.

• South park Street: Rs 6,600 per sq.ft (2024)
• Sivanantham Nagar Pillaiyarkoil Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar Erikkarai Street: Rs 2,200 per sq.ft (2024)
• Sivanantham nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Solampedu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total fees Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Solampedu Road?

The Sub Registrar Office that covers Solampedu Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When buying or selling a property, the guideline value helps ensure that the transaction is recorded accurately and transparently. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Solampedu Road?

The current guideline value of Solampedu Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the land classification for Solampedu Road?

Solampedu Road is classified as Commercial Class I Type - II.

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

The Sub Registrar Office for Solampedu Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties on Solampedu Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 66,00,000, the stamp duty would be calculated at 7% of this amount.