Guideline Value for APPASAMI SAMI SALAI/ ROAD

Appasami Sami Salai/ Road guideline value

The current guideline value of Appasami Sami Salai/ Road is Rs 400 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 I Type - III.

How the guideline value of Appasami Sami Salai/ Road has changed

The guideline value for Appasami Sami Salai/ Road has seen significant changes over the years. In 2012, the guideline value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. This was a reduction of 33%. The value further decreased to Rs 400 per sq.ft in 2023, marking a 40% decline from the 2017 figure. The register has no figure for the years 2002, 2003, and 2007.

With the 2024 revision, the guideline value remains at Rs 400 per sq.ft, showing no change from the 2023 revision. Overall, from 2012 to 2024, the guideline value has decreased by 60%.

Guideline values in Kakkalur

Kakkalur village has 133 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 626 per sq.ft, placing Appasami Sami Salai/ Road's 2024 figure below that median.

• Appasami Street: Rs 1,000 per sq.ft (2024)
• Anjaneya Puram Streets/ Main Road: Rs 626 per sq.ft (2024)
• Anjaneya Puram/ Nagar: Rs 626 per sq.ft (2024)
• Angalamman Nagar & Annex: Rs 626 per sq.ft (2024)
• Ambethkar Street: Rs 626 per sq.ft (2024)
• Balaji Garden: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Appasami Sami Salai/ Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 Appasami Sami Salai/ Road?

The Sub Registrar Office covering Appasami Sami Salai/ Road 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 when buying or selling property in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This process is essential for ensuring that property transactions are recorded accurately and transparently.

Frequently asked questions

What is the current guideline value of Appasami Sami Salai/ Road?

The current guideline value of Appasami Sami Salai/ Road is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has decreased from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023 and 2024. This represents a total decline of 60% from 2012 to 2024.

What is the median guideline value for streets in Kakkalur?

The median guideline value for streets in Kakkalur is Rs 626 per sq.ft, with Appasami Sami Salai/ Road's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Appasami Sami Salai/ Road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 36,000. This includes a stamp duty of Rs 28,000 and a registration fee of Rs 8,000.

Which Sub Registrar Office covers Appasami Sami Salai/ Road?

The Tiruvallur Joint 1 Sub Registrar Office covers Appasami Sami Salai/ Road, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.