Guideline Value for Soorapattu Main Road

Soorapattu Main Road guideline value

The current guideline value of Soorapattu Main Road is Rs 2,200 per sq.ft. This road is located in Puthagaram village under the Ambattur SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of Soorapattu Main Road has changed

Over the years, the guideline value for Soorapattu Main Road has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 2,200 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 1,474 per sq.ft, marking a drop of 33%. However, by the 2023 revision, the value returned to Rs 2,200 per sq.ft, and it has remained at this figure through to the 2024 revision, which also lists the value at Rs 2,200 per sq.ft, indicating no change from the previous year.

The changes between revisions show a significant increase from the 2017 figure to the 2023 figure, which is an increase of 49%. Overall, from the 2012 figure to the 2024 figure, there has been no change, as both years report a guideline value of Rs 2,200 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value in the village is Rs 1,900 per sq.ft, placing Soorapattu Main Road's 2024 figure above this median.

• Sivasakthivelan Nagar: Rs 3,000 per sq.ft (2024)
• Sivaji Nagar: Rs 2,200 per sq.ft (2024)
• Sri Devi Avenue: Rs 1,600 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 2,201 per sq.ft (2024)
• Sri Kamalam Nagar: Rs 1,900 per sq.ft (2024)
• Shravanthi City: Rs 2,201 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. The combined total for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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 Puthagaram

The guideline value plays a crucial role in the registration process of property transactions in Puthagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the sale.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Soorapattu Main Road?

The current guideline value of Soorapattu Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a notable increase from Rs 1,474 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2023. The value has remained at Rs 2,200 per sq.ft from 2012 to 2024.

What are the stamp duty and registration fees for properties on Soorapattu Main Road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Soorapattu Main Road?

The Ambattur Sub Registrar Office is responsible for handling registrations for properties on Soorapattu Main Road.

What is the land classification for Soorapattu Main Road?

Soorapattu Main Road is classified under Residential Special Type - III, which indicates its designated use for residential purposes.