Guideline Value for KAKKALUR TAMIL NADU HOUSING BOARD -TYPE-A,B

Kakkalur Tamil Nadu Housing Board -Type-A,B guideline value

The current guideline value for Kakkalur Tamil Nadu Housing Board -Type-A,B is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Kakkalur Tamil Nadu Housing Board -Type-A,B has changed

The guideline value for Kakkalur Tamil Nadu Housing Board -Type-A,B has seen several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017, representing a 33% decline. The next revision in 2023 maintained the value at Rs 400 per sq.ft, marking a significant drop of 40% from the 2017 figure. The current guideline value remains unchanged at Rs 400 per sq.ft from the 2023 to 2024 revision.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has decreased by 60%.

Guideline values in Kakkalur

Kakkalur village contains 133 streets under the Tiruvallur Joint 1 SRO, with 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, indicating that the current guideline value for Kakkalur Tamil Nadu Housing Board -Type-A,B is below this median.

• Kakkalur - Putlur Main Road: Rs 626 per sq.ft (2024)
• Kakkalur Housing Board Mig Type: Rs 2,500 per sq.ft (2024)
• Kakkalur Housing Board Lig Type: Rs 1,500 per sq.ft (2024)
• Kakkalur Housing Board Hig Type: Rs 2,500 per sq.ft (2024)
• Kakkalur Housing Board Commercial Area: Rs 3,000 per sq.ft (2024)
• Jothi Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkalur Tamil Nadu Housing Board -Type-A,B

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would amount to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that 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 Kakkalur Tamil Nadu Housing Board -Type-A,B?

The Kakkalur Tamil Nadu Housing Board -Type-A,B is covered by 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 during the registration of property transactions in Kakkalur. It serves as a benchmark for determining stamp duty and registration fees, which are calculated based on the higher value between the guideline value and the sale price.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding these values can help in planning your budget effectively during property dealings.

Frequently asked questions

What is the current guideline value for Kakkalur Tamil Nadu Housing Board -Type-A,B?

The current guideline value for Kakkalur Tamil Nadu Housing Board -Type-A,B is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has decreased from Rs 1,000 per sq.ft in 2012 to Rs 400 per sq.ft in 2024, marking a total decline of 60% over this period.

What is the median guideline value in Kakkalur?

The median guideline value for the 133 streets in Kakkalur under the Tiruvallur Joint 1 SRO is Rs 626 per sq.ft, which is higher than the current value for Kakkalur Tamil Nadu Housing Board -Type-A,B.

What are the stamp duty rates in Kakkalur?

The stamp duty in Kakkalur is charged at 7% of the guideline value or sale price, whichever is higher. For example, on a plot valued at Rs 4,00,000, the stamp duty would be Rs 28,000.

Where is the Sub Registrar Office for Kakkalur located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. This office handles the registration of properties in Kakkalur.