Guideline Value for Thiruvallur Road(Selvapuram to Ponniamman Kovil)

Thiruvallur Road(Selvapuram to Ponniamman Kovil) guideline value

The current guideline value for Thiruvallur Road(Selvapuram to Ponniamman Kovil) is Rs 450 per sq.ft, effective from 1 July 2024. This road is located in Sokandi village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - I.

How the guideline value of Thiruvallur Road(Selvapuram to Ponniamman Kovil) has changed

The guideline value for this street has undergone several revisions over the years. In 2012, the guideline value was Rs 450 per sq.ft, which then decreased to Rs 301 per sq.ft in 2017. Following this, the value increased by 50% to Rs 450 per sq.ft in 2023 and remained unchanged at Rs 450 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has seen no change, remaining at Rs 450 per sq.ft. The fluctuations in the guideline values reflect the changes noted in the revisions, particularly the significant increase from 2017 to 2023.

Guideline values in Sokandi

In Sokandi, there are 35 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 1,000 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Thiruvallur Road(Selvapuram to Ponniamman Kovil) is above this median.

• Thangam Avenue: Rs 450 per sq.ft (2024)
• Swathy Nagar Phase -V: Rs 450 per sq.ft (2024)
• Swathi nagar phase - III: Rs 612 per sq.ft (2024)
• Swathi Nagar Phase II: Rs 600 per sq.ft (2024)
• Swathi Nagar: Rs 450 per sq.ft (2024)
• Sri devi teak garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvallur Road(Selvapuram to Ponniamman Kovil)

For a 1,000 sq.ft plot at the current rate of Rs 450 per sq.ft, the guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, totaling Rs 40,500. 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 Thiruvallur Road(Selvapuram to Ponniamman Kovil)?

The Sub Registrar Office that covers Thiruvallur Road(Selvapuram to Ponniamman Kovil) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Sokandi. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

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

Frequently asked questions

What is the current guideline value for Thiruvallur Road(Selvapuram to Ponniamman Kovil)?

The current guideline value for Thiruvallur Road(Selvapuram to Ponniamman Kovil) is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 450 per sq.ft in 2024, unchanged from 2023. It was Rs 301 per sq.ft in 2017 and Rs 450 per sq.ft in 2012.

What is the land classification for Thiruvallur Road(Selvapuram to Ponniamman Kovil)?

The land classification for Thiruvallur Road(Selvapuram to Ponniamman Kovil) is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thiruvallur Road(Selvapuram to Ponniamman Kovil) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 40,500 in fees, including stamp duty and registration fees.