Somavaram Village Market Value — Somavaram, Nereducherla Mandal, Suryapet
The IGRS Telangana market value of Somavaram Village in Somavaram, Nereducherla mandal, Suryapet District is Rs 500 per sq.yard for land. Apartment rates: Ground floor Rs 1,300/sq.ft, First floor Rs 1,300/sq.ft, Other floors Rs 1,300/sq.ft.
Source: IGRS Telangana market value data (Registration & Stamps Department, registration.telangana.gov.in), rates effective 1 Feb 2022. Last updated on TG Verified: .
Methodology: Every rate for Somavaram Village is copied as-is from the IGRS unit rate (market value) register — land in Rs per sq.yard, apartments in Rs per sq.ft by floor, agricultural land in Rs per acre. We do not estimate, average or adjust values; counts and ranges on this page are computed directly from those records. Confirm the applicable rate with the Sub Registrar Office before registration.
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SOMAVARAM VILLAGE Market Value — SOMAVARAM, SURYAPET
IGRS SOMAVARAM VILLAGE market value (Somavaram, Nereducherla Mandal, Suryapet) – 2026
As of 2026, the Telangana IGRS-listed SOMAVARAM VILLAGE market value for Classification 01 (Residential) is Rs 500 per sq.yard for land. For apartments, the notified rate is uniform at Rs 1,300 per sq.ft for the ground floor, first floor, and other floors. These IGRS market values are the government guidance values commonly used to assess registration value, stamp duty, and related charges—helping buyers and sellers benchmark pricing and reduce valuation disputes during registration.
Is Somavaram a premium or affordable locality?
Within Somavaram village, the notified values indicate an affordable residential locality profile rather than a premium micro-market. A land guidance value of Rs 500/sq.yd and a flat rate of Rs 1,300/sq.ft typically align with entry-level budgets, especially for buyers prioritizing plot purchases or compact homes. Checking the latest IGRS schedule for nearby villages/wards can confirm relative positioning, but the current SOMAVARAM VILLAGE market value signals value-oriented pricing.
Registration cost estimate (example)
- Plot size: 100 sq.yards
- IGRS value: 100 × Rs 500 = Rs 50,000
- Stamp duty (5.5%): Rs 2,750
- Registration fee (0.5%): Rs 250
- Transfer duty (1.5% in municipal areas): Rs 750
Buyer advice for SOMAVARAM VILLAGE
- Verify the property’s classification (01 Residential) and boundaries before agreement.
- Budget using both the SOMAVARAM VILLAGE market value and the negotiated price—registration is often based on the higher value.
- For apartments, confirm built-up area calculations since the rate is Rs 1,300/sq.ft across all floors.
