Guideline Value for Solapuram Road

Solapuram Road guideline value

The current guideline value of Solapuram Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Solapuram Road has changed

The guideline value for Solapuram Road has seen significant changes over the years. In 2002, the guideline value was Rs 134 per sq.ft, which increased to Rs 150 per sq.ft in 2003, marking a 12% rise. The value continued to rise substantially, reaching Rs 600 per sq.ft in 2007, reflecting a 300% increase from the previous revision. By 2012, the guideline value was revised to Rs 2,500 per sq.ft, indicating a remarkable 317% increase from 2007.

The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which is an 8% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 1915%. It is important to note that there are no figures available for the years 2017 and 2023 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,400 per sq.ft, placing Solapuram Road's 2024 figure above that median.

• S.No.296/3 and 303: Rs 2,400 per sq.ft (2024)
• S.No.209/2 & 883: Rs 2,700 per sq.ft (2024)
• S.No.173/1, 173/2: Rs 1,100 per sq.ft (2024)
• Somasundharam Avenue: Rs 2,400 per sq.ft (2024)
• Siva Sankara Puram 2nd Street: Rs 2,400 per sq.ft (2024)
• Siva Sankara Puram 1st Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Solapuram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can calculate the fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Solapuram Road?

The Sub Registrar Office that covers Solapuram 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 Thirumullaivoyal

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transfers.

When registering a property, buyers and sellers must consider the guideline value as it reflects the minimum value at which the property can be registered. This value is essential for calculating the necessary fees and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Solapuram Road?

The current guideline value of Solapuram Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 1915% over this period.

What is the land classification for Solapuram Road?

Solapuram Road is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What are the registration fees for property on Solapuram Road?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office for Solapuram Road located?

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