Guideline Value for Soorapattu Main Road

Soorapattu Main Road guideline value

The current guideline value of Soorapattu Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024. This road is located in Soorapattu village under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Soorapattu Main Road has changed

The guideline value for Soorapattu Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the latest revision in 2024 raised it to Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. Soorapattu Main Road's 2024 guideline value is above this median.

• Somci Boy Nagar: Rs 1,300 per sq.ft (2024)
• Sivaprakasam Nagar: Rs 1,900 per sq.ft (2024)
• Sis Cape town Phase-IV: Rs 4,478 per sq.ft (2024)
• Sis Cape town Phase-III: Rs 4,478 per sq.ft (2024)
• S I S Capetown Phase-II: Rs 3,400 per sq.ft (2024)
• S I S Capetown: Rs 3,400 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 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, resulting in a total of Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed 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 Soorapattu

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees that need to be paid. When a property is bought or sold, the guideline value is used to calculate these fees based on the property's size and the applicable rates.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value reflects the official assessment of the property and helps in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Soorapattu Main Road?

The current guideline value of Soorapattu Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Soorapattu Main Road?

Soorapattu Main Road is classified as Residential Special Type - II under the Ambattur SRO.

What is the stamp duty rate for properties in Soorapattu?

The stamp duty rate for properties in Soorapattu is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Soorapattu?

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