Guideline Value for APPASAMI STREET

Appasami Street guideline value

The current guideline value of Appasami Street in Kakkalur village is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Special Type - III.

How the guideline value of Appasami Street has changed

Looking at the historical revisions, the guideline value for Appasami Street has seen various changes over the years. In the 2007 revision, the rate was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 400%. However, it dropped to Rs 670 per sq.ft in the 2017 revision, a decrease of 33%. The value then remained steady at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

The register does not provide figures for the years 2002 and 2003 for Appasami Street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with 2024 guideline values 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 Street's 2024 figure above that median.

• Appasami Sami Salai/ Road: Rs 400 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Appasami Street?

The Sub Registrar Office that covers Appasami 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 critical factor in property transactions in Kakkalur, as it helps determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must refer to the guideline value to ensure compliance with the registration norms set by the government.

When registering a property, the guideline value serves as a baseline for calculating the necessary fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Appasami Street?

The current guideline value of Appasami Street is Rs 1,000 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 1,000 per sq.ft in both 2023 and 2024. The value was Rs 670 per sq.ft in 2017, which was a 33% decrease from Rs 1,000 per sq.ft in 2012.

What is the median guideline value for streets in Kakkalur?

The median guideline value for the 133 streets in Kakkalur is Rs 626 per sq.ft, with Appasami Street's value being above this median.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 90,000, based on the guideline value of Rs 10,00,000.

Which office handles the registration for Appasami Street?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Appasami Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.