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Guideline Value

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Guideline Value for Sozhi Nagar Main Road

₹850/sq.ft.

The guideline value for Sozhi Nagar Main Road in Rajakilpakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 850 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 21% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Rajakilpakkam

Village

Selaiyur

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹850 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sozhi Nagar Main Road

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Sozhi Nagar Main Road guideline value

The current guideline value of Sozhi Nagar Main Road is Rs 850 per sq.ft, effective from 1 July 2024. This road is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sozhi Nagar Main Road has changed

The guideline value for Sozhi Nagar Main Road has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 700 per sq.ft, and the most recent revision in 2024 set the value at Rs 850 per sq.ft.

Between the revisions, the changes were significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a rise of 21%. Overall, from 2012 to 2024, the guideline value has increased by 21%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,150 per sq.ft, placing Sozhi Nagar Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Sozhi Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 850 per sq.ft, the guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, totaling Rs 76,500. 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 Sozhi Nagar Main Road?

The Sub Registrar Office that covers Sozhi Nagar Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Rajakilpakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. This value is regularly updated by the Registration Department, reflecting changes in the local real estate market.

Frequently asked questions

What is the current guideline value of Sozhi Nagar Main Road?

The current guideline value of Sozhi Nagar Main Road is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024.

What is the land classification for Sozhi Nagar Main Road?

Sozhi Nagar Main Road is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for a property in Sozhi Nagar Main Road?

For a property valued at Rs 8,50,000, the stamp duty would be Rs 59,500 and the registration fee would be Rs 17,000, totaling Rs 76,500.

Where is the Sub Registrar Office for Sozhi Nagar Main Road located?

The Sub Registrar Office for Sozhi Nagar Main Road is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.