Guideline Value for AATHIPOO STREET

Aathipoo Street guideline value

The current guideline value of Aathipoo Street is Rs 626 per sq.ft, effective from 1 July 2024. This street is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of Aathipoo Street has changed

In the 2007 revision, the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 625 per sq.ft in 2012, marking a rise of 525%. However, from 2012 to 2017, the value decreased to Rs 419 per sq.ft, a drop of 33%. The value then rose again to Rs 626 per sq.ft in 2023, maintaining the same figure in the 2024 revision, resulting in a 49% increase from 2017.

The register has no figures for the years 2002 and 2003 for Aathipoo Street. Overall, from 2007 to 2024, the guideline value has increased by 526%.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 626 per sq.ft, which is equal to the 2024 figure for Aathipoo Street.

• Alli Street: Rs 626 per sq.ft (2024)
• Ambethkar Street: Rs 626 per sq.ft (2024)
• Angalamman Nagar & Annex: Rs 626 per sq.ft (2024)
• Anjaneya Puram/ Nagar: Rs 626 per sq.ft (2024)
• Anjaneya Puram Streets/ Main Road: Rs 626 per sq.ft (2024)
• Appasami Sami Salai/ Road: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Aathipoo Street

For a 1,000 sq.ft plot at the current rate of Rs 626 per sq.ft, the guideline value would be Rs 6,26,000. The stamp duty at 7% would amount to Rs 43,820, and the registration fee at 2% would be Rs 12,520, totaling Rs 56,340. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aathipoo Street?

Aathipoo Street falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a standard measure used by the Registration Department to determine the value of properties for registration purposes. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees based on the property size and value.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall costs involved in property transactions. The guideline value is regularly updated to reflect changes in the market and is crucial for ensuring compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Aathipoo Street?

The current guideline value of Aathipoo Street is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly, from Rs 100 per sq.ft to Rs 626 per sq.ft in 2024, marking an overall increase of 526%.

What is the land classification of Aathipoo Street?

Aathipoo Street is classified as Residential Class II Type - III, indicating its suitability for residential development.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 626 per sq.ft incurs a total of Rs 56,340 in fees.

Where can I find the Sub Registrar Office for Aathipoo Street?

The Tiruvallur Joint 1 Sub Registrar Office covers Aathipoo Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.