Guideline Value for KAKKALUR - PUTLUR MAIN ROAD

Kakkalur - Putlur Main Road guideline value

The current guideline value of Kakkalur - Putlur Main Road is Rs 626 per sq.ft, effective from 1 July 2024. This property 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 Kakkalur - Putlur Main Road has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft. It then decreased to Rs 419 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 626 per sq.ft in 2023. The 2024 revision maintains this same figure, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Kakkalur - Putlur Main Road. Overall, from 2012 to 2024, the guideline value has remained stable, with no net change.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is the same as that of Kakkalur - Putlur Main Road.

• 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 Tamil Nadu Housing Board -Type-A,B: Rs 400 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 - Putlur Main Road

For a 1,000 sq.ft plot at the current rate of Rs 626 per sq.ft, the 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, totaling Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kakkalur - Putlur Main Road?

The Kakkalur - Putlur Main Road 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 in property transactions in Kakkalur. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during property transactions.

When buying or selling a property, the guideline value helps in establishing a fair valuation for the property. It is essential for both parties to consider the guideline value to avoid disputes and ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Kakkalur - Putlur Main Road?

The current guideline value of Kakkalur - Putlur Main Road 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 a notable increase from Rs 419 per sq.ft in 2017 to Rs 626 per sq.ft in 2023 and 2024. There was a decline from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017.

What is the land classification for Kakkalur - Putlur Main Road?

The land classification for Kakkalur - Putlur Main Road is Residential Class II Type - III. This classification indicates the type of development permitted in the area.

What are the stamp duty and registration fees for properties in Kakkalur?

The stamp duty for properties in Kakkalur is 7%, while the registration fee is 2%. For example, for a property valued at Rs 6,26,000, the total fees would amount to Rs 56,340.

Where can I find the Sub Registrar Office for Kakkalur - Putlur Main Road?

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