Guideline Value for ALLI STREET

Alli Street guideline value

The current guideline value of Alli 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, classified as Residential Class II Type - III.

How the guideline value of Alli Street has changed

Over the years, the guideline value of Alli Street has seen several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 625 per sq.ft in 2012, followed by a decrease to Rs 419 per sq.ft in 2017. The value then rose to Rs 626 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 saw a decrease of 33%. The most notable change occurred from 2007 to 2012, with a remarkable increase of 525%. Overall, from 2007 to 2024, the guideline value has increased by 526%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kakkalur

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

• Ambethkar Street: Rs 626 per sq.ft (2024)
• Aathipoo 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 Alli Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, while the registration fee at 2% would be Rs 12,520, bringing the total to Rs 56,340. Please note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alli Street?

The Sub Registrar Office covering Alli Street is 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 crucial factor during the registration of property transactions in Kakkalur. It helps determine the stamp duty and registration fees that are applicable when buying or selling property.

When a buyer or seller engages in a property transaction, the guideline value serves as a benchmark to assess the financial obligations related to registration. This ensures that the transaction is documented accurately and complies with the local regulations.

Frequently asked questions

What is the current guideline value of Alli Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, marking an overall increase of 526% over the years.

What is the land classification for Alli Street?

Alli Street is classified as Residential Class II Type - III under the Tiruvallur Joint 1 SRO.

What are the stamp duty and registration fees for property in Alli Street?

For a property valued at Rs 6,26,000, the stamp duty would be Rs 43,820, and the registration fee would be Rs 12,520, totaling Rs 56,340.

Which office handles property registrations for Alli Street?

The Tiruvallur Joint 1 Sub Registrar Office is responsible for property registrations in Alli Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.