Guideline Value for BIRUNTHAVANAM STREET

Birunthavanam Street guideline value

The current guideline value of Birunthavanam Street is Rs 626 per sq.ft, effective from 1 July 2024. This street is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Birunthavanam Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the guideline value was Rs 100 per sq.ft, which increased to Rs 625 per sq.ft in 2012. This was followed by a decrease to Rs 419 per sq.ft in 2017. The value then rose to Rs 626 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years. The register has no figure for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 526%. The increase from 2017 to 2023 was 49%, while the value decreased by 33% from 2012 to 2017. The most notable rise occurred between 2007 and 2012, with an increase of 525%.

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 equal to the current guideline value of Birunthavanam Street.

• Bharathyar Street: Rs 626 per sq.ft (2024)
• Brindavanam Nagar: Rs 626 per sq.ft (2024)
• Bharathi Nagar: Rs 626 per sq.ft (2024)
• Bhagyam New Town: Rs 626 per sq.ft (2024)
• December Poo Street: Rs 626 per sq.ft (2024)
• Deva&co/ Deva Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Birunthavanam Street

For a 1,000 sq.ft plot at the current rate of Rs 626 per sq.ft, the guideline value is Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total to Rs 56,340. It is important to note that the 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 Birunthavanam Street?

The Sub Registrar Office that covers Birunthavanam 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 when registering property transactions in Kakkalur. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties to understand the expected costs associated with the transaction. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations regarding the sale price.

Frequently asked questions

What is the current guideline value of Birunthavanam Street?

The current guideline value of Birunthavanam 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, showing an overall increase of 526% over the years.

What are the other streets in Kakkalur with the same guideline value?

Other streets in Kakkalur with a guideline value of Rs 626 per sq.ft include Bharathyar Street, Brindavanam Nagar, Bharathi Nagar, Bhagyam New Town, December Poo Street, and Deva&co/ Deva Nagar.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 626 per sq.ft, the total cost would be Rs 56,340.

Where is the Sub Registrar Office for Birunthavanam Street located?

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