Guideline Value for GAINGAI MAIN STREET/ STREET

Gaingai Main Street/ Street guideline value

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

How the guideline value of Gaingai Main Street/ Street has changed

The guideline value for Gaingai Main Street/ Street has seen several revisions over the years. The 2012 revision set the value at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in the 2017 revision. Following this, the 2023 revision maintained the value at Rs 626 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change between 2023 and 2024. Overall, from 2012 to 2024, the guideline value has remained stable with a 0% change.

In terms of percentage changes, the value increased by 49% from 2017 to 2023. However, there are no figures available for the revisions in 2002, 2003, and 2007, as the register does not include any data for this street in those years.

Guideline values in Kakkalur

Kakkalur village has 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 guideline value for these streets is Rs 626 per sq.ft, which is equal to the 2024 figure for Gaingai Main Street/ Street.

• Ganapathy Street: Rs 626 per sq.ft (2024)
• Empire City Part-I -To -IV: Rs 626 per sq.ft (2024)
• Empire Avenue: Rs 626 per sq.ft (2024)
• Ganesh Vista Nagar: Rs 626 per sq.ft (2024)
• Gangai Street: Rs 626 per sq.ft (2024)
• Dhanraja Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Gaingai Main Street/ 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 is charged at 7%, which totals Rs 43,820, and the registration fee at 2% amounts to Rs 12,520. Therefore, the total cost for stamp duty and registration fees together is Rs 56,340. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gaingai Main Street/ Street?

The Gaingai Main Street/ Street falls under 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 in the registration process for property transactions in Kakkalur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is officially recorded and that the necessary taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Gaingai Main Street/ Street?

The current guideline value of Gaingai Main Street/ 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 seen various changes, with the most recent revisions showing no change from 2023 to 2024, while there was a 49% increase from 2017 to 2023.

What is the land classification for Gaingai Main Street/ Street?

Gaingai Main Street/ Street is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for Kakkalur?

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

How is the stamp duty calculated for properties in Kakkalur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,26,000, the stamp duty would be Rs 43,820 at a rate of 7%.