Guideline Value for Inkarlal Street

Inkarlal Street guideline value

The current guideline value of Inkarlal Street in Thiruvallur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Inkarlal Street has changed

The guideline value for Inkarlal Street has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which saw a significant increase to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a decline of 33%. The next revision in 2023 brought the value back up to Rs 1,000 per sq.ft, and in 2024, it increased further to Rs 1,100 per sq.ft, reflecting a 10% rise.

There are no figures available for Inkarlal Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Inkarlal Street.

• IOB Colony: Rs 2,200 per sq.ft (2024)
• Iyveliagaram Street: Rs 1,100 per sq.ft (2024)
• Iyveliagram Colony: Rs 880 per sq.ft (2024)
• Iyyanar Avenue: Rs 1,650 per sq.ft (2024)
• Jagajeevamram Street: Rs 2,200 per sq.ft (2024)
• Indira Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Inkarlal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Inkarlal Street?

The Sub Registrar Office that covers Inkarlal 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 Thiruvallur

The guideline value is an essential factor when registering property transactions in Thiruvallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is crucial for buyers and sellers to be aware of these values to ensure compliance with registration requirements and to avoid any legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Inkarlal Street?

The current guideline value of Inkarlal Street is Rs 1,100 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 1,100 per sq.ft in 2024, reflecting a total increase of 450% over the years.

What are the stamp duty and registration fees for properties on Inkarlal Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office is responsible for property registration in Thiruvallur?

The Tiruvallur Joint 1 Sub Registrar Office is responsible for property registration in Thiruvallur, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the significance of the guideline value in property transactions?

The guideline value is used as a benchmark for the minimum registration value of properties, ensuring that the appropriate stamp duty and registration fees are collected by the government during property transactions.