Guideline Value for Solan Street

Solan Street guideline value

The current guideline value of Solan Street in Thiruvallur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Solan Street has changed

The guideline value for Solan Street has undergone several revisions over the years. In 2007, the value was recorded at Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 400%. However, in 2017, the value decreased to Rs 670 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, and most recently, in 2024, it reached Rs 1,100 per sq.ft, which is a 10% increase from the previous year. There are no recorded figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in the guideline value is 450%. The changes between the revisions highlight the fluctuations in property values over the years, with the most significant rise occurring between 2007 and 2012.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Solan Street.

• South tank Street: Rs 2,200 per sq.ft (2024)
• Sivam Nagar: Rs 1,100 per sq.ft (2024)
• Sithivinayagar Koil Street: Rs 1,650 per sq.ft (2024)
• Sir.C.V Raman Street: Rs 1,100 per sq.ft (2024)
• Sir.C.V Raman Corss Street: Rs 1,100 per sq.ft (2024)
• Seran Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Solan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Solan Street?

Solan Street is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Thiruvallur. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the registration process.

When a property is bought or sold, the guideline value ensures that the transaction is recorded at a standardized value, which helps in maintaining transparency in property dealings. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Solan Street?

The current guideline value of Solan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the stamp duty rate for property in Solan Street?

The stamp duty rate for property transactions in Solan Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Solan Street located?

The Sub Registrar Office covering Solan Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

Are there other streets with the same guideline value in Thiruvallur?

Yes, there are several other streets in Thiruvallur with the same guideline value of Rs 1,100 per sq.ft, including Sivam Nagar, Sir.C.V Raman Street, and Sir.C.V Raman Cross Street.