Guideline Value for Sornambiga Nagar

Sornambiga Nagar guideline value

The current guideline value of Sornambiga Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Vallam_B village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Sornambiga Nagar has changed

The guideline value for Sornambiga Nagar has remained consistent at Rs 400 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

In the 2023 revision, the guideline value was also Rs 400 per sq.ft. Therefore, there have been no changes in the guideline value for Sornambiga Nagar over the last two revisions.

Guideline values in Vallam_B

Within Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median guideline value is Rs 400 per sq.ft, which is equal to the 2024 figure for Sornambiga Nagar.

• Sowndari garden: Rs 600 per sq.ft (2024)
• Sivan Koil Street: Rs 400 per sq.ft (2024)
• Sri Arabindo Nagar (Vasantham Nature City): Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sri Devi Nagar: Rs 150 per sq.ft (2024)
• Sri Ram Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sornambiga Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sornambiga Nagar?

The Sub Registrar Office that covers Sornambiga Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is essential for determining the stamp duty and registration fees when buying or selling property in Vallam_B. It serves as a reference point for the official valuation of the property, ensuring that the transaction is in line with government regulations.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sornambiga Nagar?

The current guideline value of Sornambiga Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sornambiga Nagar has remained at Rs 400 per sq.ft from 2023 to 2024, with no changes in the previous revisions from 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty rates for properties in Sornambiga Nagar?

The stamp duty for properties in Sornambiga Nagar is 7% of the guideline value or sale price, whichever is higher. For a plot of 1,000 sq.ft, the stamp duty would be Rs 28,000.

Where can I find the Sub Registrar Office for Sornambiga Nagar?

The Sub Registrar Office for Sornambiga Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification of Sornambiga Nagar?

Sornambiga Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.