Guideline Value for Sornamabigai Koil St

Sornamabigai Koil St guideline value

The current guideline value for Sornamabigai Koil St is Rs 241 per sq.ft, effective from 1 July 2024. This street is located in Ammayarkuppam village, which falls under the Ramakrishna Rajupettai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sornamabigai Koil St has changed

Looking at the revisions, the guideline value for Sornamabigai Koil St has seen several changes over the years. In 2007, the value was Rs 75 per sq.ft, which increased significantly to Rs 240 per sq.ft in 2012, marking a 220% rise. However, this value decreased to Rs 161 per sq.ft in 2017, a drop of 33%. The value then increased by 50% to Rs 241 per sq.ft in 2023, and it remains the same in the 2024 revision.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 221% from Rs 75 per sq.ft to Rs 241 per sq.ft.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO, with guideline values ranging from Rs 150 to Rs 260 per sq.ft as of 2024. The median value for these streets is Rs 260 per sq.ft, indicating that Sornamabigai Koil St's 2024 figure is below that median.

• Sri Balaji Nagar: Rs 260 per sq.ft (2024)
• Siruthondar St: Rs 260 per sq.ft (2024)
• Seshappa St: Rs 260 per sq.ft (2024)
• Selva Vinayagar Koil St: Rs 260 per sq.ft (2024)
• Saravanan St: Rs 260 per sq.ft (2024)
• Subramaniya Swamy Koil St: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Sornamabigai Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 241 per sq.ft, the total guideline value amounts to Rs 2,41,000. The stamp duty at 7% would be Rs 16,870, and the registration fee at 2% would be Rs 4,820, bringing the total cost to Rs 21,690. 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 details.

Which Sub Registrar Office covers Sornamabigai Koil St?

The Sornamabigai Koil St falls under the jurisdiction of the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Ammayarkuppam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

Additionally, the guideline value ensures transparency in property transactions by providing a standardized value that both buyers and sellers can refer to. This helps in avoiding disputes related to property pricing during registration.

Frequently asked questions

What is the current guideline value for Sornamabigai Koil St?

The current guideline value for Sornamabigai Koil St is Rs 241 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2007 to Rs 241 per sq.ft in 2024, marking an overall increase of 221% over the years.

What is the land classification for Sornamabigai Koil St?

The land classification for Sornamabigai Koil St is Residential Class II Type - I.

What are the stamp duty and registration fees for property in Sornamabigai Koil St?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 21,690.

Which office handles registrations for Sornamabigai Koil St?

The Ramakrishna Rajupettai Sub Registrar Office handles registrations for Sornamabigai Koil St, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.