Guideline Value for DECEMBER POO STREET

December Poo Street guideline value

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

How the guideline value of December Poo Street has changed

The guideline value for December Poo Street has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 625 per sq.ft in 2012, marking a 213% rise. However, the value saw a decrease to Rs 419 per sq.ft in 2017, a drop of 33%. The most recent revisions in 2023 and 2024 both recorded the value at Rs 626 per sq.ft, indicating no change between these two years.

Overall, from 2007 to 2024, the guideline value has increased by 213%. The register does not have figures for December Poo Street for the years 2002 and 2003.

Guideline values in Kakkalur

In Kakkalur, there are 133 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 626 per sq.ft, which is the same as the guideline value for December Poo Street.

• Deva&co/ Deva Nagar: Rs 626 per sq.ft (2024)
• Dhanraja Nagar: Rs 626 per sq.ft (2024)
• Brindavanam Nagar: Rs 626 per sq.ft (2024)
• Birunthavanam Street: Rs 626 per sq.ft (2024)
• Empire Avenue: Rs 626 per sq.ft (2024)
• Empire City Part-I -To -IV: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in December Poo 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, and the registration fee at 2% would be Rs 12,520, making the total charges 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 information.

Which Sub Registrar Office covers December Poo Street?

The Sub Registrar Office that covers December Poo 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 details.

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

The guideline value plays a crucial role during property transactions in Kakkalur. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers must be aware that the guideline value is a benchmark for assessing the transaction value during registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of December Poo Street?

The current guideline value of December Poo 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 200 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, which represents a total increase of 213% over the years.

What is the registration office for December Poo Street?

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

What are the stamp duty and registration fees for a property in December Poo 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.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. The higher value between the guideline value and the sale price is considered for these calculations.