Guideline Value for Soorapattu Main Road

Soorapattu Main Road guideline value

The current guideline value of Soorapattu Main Road is Rs 2,300 per sq.ft, effective from 1 July 2024. This road is located in Kathirvedu village under the Ambattur SRO, and the land classification is Mixed Type - II.

How the guideline value of Soorapattu Main Road has changed

The guideline value for Soorapattu Main Road has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 2,100 per sq.ft in 2012, marking a 600% rise. However, it decreased to Rs 1,407 per sq.ft in 2017, reflecting a 33% drop. The value then rose again to Rs 2,100 per sq.ft in 2023, and most recently, it increased to Rs 2,300 per sq.ft in 2024, which is a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 667%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value of Soorapattu Main Road is above this median.

• Society Nagar: Rs 1,900 per sq.ft (2024)
• Sowmiya Nagar: Rs 2,800 per sq.ft (2024)
• Sivaraj Street: Rs 1,100 per sq.ft (2024)
• Sri Balaji Nagar: Rs 2,700 per sq.ft (2024)
• Sri Balaji Nagar Extension: Rs 2,700 per sq.ft (2024)
• Sri Lakshmi Amman Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Soorapattu Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value would be Rs 23,00,000. The stamp duty at 7% would amount to Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, bringing the total to Rs 2,07,000. Please 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 further calculations.

Which Sub Registrar Office covers Soorapattu Main Road?

The Sub Registrar Office that covers Soorapattu Main 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 Kathirvedu

The guideline value is a crucial factor in property transactions in Kathirvedu, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Proper understanding of the guideline value helps in making informed decisions during the property registration process.

Frequently asked questions

What is the current guideline value of Soorapattu Main Road?

The current guideline value of Soorapattu Main Road is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,300 per sq.ft in 2024, showing an overall increase of 667% over the years.

What is the land classification for Soorapattu Main Road?

The land classification for Soorapattu Main Road is Mixed Type - II, which indicates the type of development permissible in the area.

Where can I find the Sub Registrar Office for Soorapattu Main Road?

The Sub Registrar Office for Soorapattu Main 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 the stamp duty calculated for properties in Soorapattu Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,61,000 at 7%.