Guideline Value

Corporate

Guideline Value for Sothupakkam Road

₹440/sq.ft.

The guideline value for Sothupakkam Road in Sothupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sothupakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sothupakkam Road

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Sothupakkam Road guideline value

The current guideline value of Sothupakkam Road in Sothupakkam village, under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Sothupakkam Road has changed

The guideline value for Sothupakkam Road has seen several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 300 per sq.ft. This increased to Rs 400 per sq.ft in 2012, but then dropped to Rs 268 per sq.ft in 2017. The value rose significantly to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft as per the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The 2023 to 2024 revision shows a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 47%.

Guideline values in Sothupakkam

In Sothupakkam, there are 49 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,150 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, which is equal to the current value for Sothupakkam Road.

Stamp duty and registration fee for property in Sothupakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total cost for these fees Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sothupakkam Road?

The Sub Registrar Office that covers Sothupakkam Road is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Sothupakkam. It serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives appropriate taxes from property sales.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sothupakkam Road?

The current guideline value of Sothupakkam Road is Rs 440 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 440 per sq.ft in 2024, with various fluctuations in between, including a drop to Rs 268 per sq.ft in 2017.

What are the stamp duty and registration fees for properties in Sothupakkam Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, these fees total Rs 39,600.

Which office handles registrations for Sothupakkam Road?

The Redhills Sub Registrar Office handles registrations for Sothupakkam Road, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Sothupakkam Road?

Sothupakkam Road is classified as Residential Class II Type - I, indicating its designation for residential use within the area.