Guideline Value for Soundara Pandian Salai

Soundara Pandian Salai guideline value

The current guideline value of Soundara Pandian Salai is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, with a land classification of Mixed Type - I.

How the guideline value of Soundara Pandian Salai has changed

The guideline value of Soundara Pandian Salai has seen several revisions over the years. In 2007, the value was Rs 2,490 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012. However, it dropped to Rs 5,360 per sq.ft in 2017. The 2023 revision set the value at Rs 8,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 8,800 per sq.ft.

Between the revisions, there were notable changes. From 2007 to 2012, the value increased by 221%, but then it decreased by 33% from 2012 to 2017. The value jumped by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 253%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, placing Soundara Pandian Salai's 2024 figure above this median.

• Somasundar Bharathy Nagar 5th Street: Rs 4,900 per sq.ft (2024)
• Somasundar Bharathy Nagar 4th Street: Rs 4,900 per sq.ft (2024)
• Somasundar Bharathy Nagar 3rd Street: Rs 4,900 per sq.ft (2024)
• Somasundar Bharathy Nagar 2nd Street: Rs 4,900 per sq.ft (2024)
• Somasundar Bharathy Nagar 1st Street: Rs 4,900 per sq.ft (2024)
• South Side 60 Feet Road: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Soundara Pandian Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, making a total of Rs 7,92,000. 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 Soundara Pandian Salai?

The Sub Registrar Office that covers Soundara Pandian Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kodambakkam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

Frequently asked questions

What is the current guideline value of Soundara Pandian Salai?

The current guideline value of Soundara Pandian Salai is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 2,490 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 253% since 2007.

What is the land classification for Soundara Pandian Salai?

Soundara Pandian Salai has a land classification of Mixed Type - I, which indicates the type of development allowed in the area.

Where can I find the Sub Registrar Office for Soundara Pandian Salai?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What are the stamp duty and registration fees for a property in Soundara Pandian Salai?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 88,00,000, the total fees would amount to Rs 7,92,000.