Guideline Value for KAKKALUR HOUSING BOARD COMMERCIAL AREA

Kakkalur Housing Board Commercial Area guideline value

The current guideline value of the Kakkalur Housing Board Commercial Area is Rs 3,000 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO with a land classification of Commercial Class I Type - I.

How the guideline value of Kakkalur Housing Board Commercial Area has changed

In the 2007 revision, the guideline value was set at Rs 200 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a 1400% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, which is a 33% drop. The next revision in 2023 maintained the value at Rs 3,000 per sq.ft, showing no change from the previous year. The current 2024 revision also retains the value at Rs 3,000 per sq.ft, indicating a 0% change from 2023.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 1400%.

Guideline values in Kakkalur

In Kakkalur village, 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 for these streets is Rs 626 per sq.ft, and the Kakkalur Housing Board Commercial Area's 2024 figure is above this median.

• Kakkalur Housing Board Hig Type: Rs 2,500 per sq.ft (2024)
• Kakkalur Housing Board Lig Type: Rs 1,500 per sq.ft (2024)
• Kakkalur Housing Board Mig Type: Rs 2,500 per sq.ft (2024)
• Kakkalur - Putlur Main Road: Rs 626 per sq.ft (2024)
• Kakkalur Tamil Nadu Housing Board -Type-A,B: Rs 400 per sq.ft (2024)
• Jothi Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkalur Housing Board Commercial Area

For a 1,000 sq.ft plot at the current rate of Rs 3,000 per sq.ft, the guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, totaling Rs 2,70,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkalur Housing Board Commercial Area?

The Kakkalur Housing Board Commercial Area 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 is used to determine the stamp duty and registration fees when buying or selling property in the area. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the guideline value serves as a baseline for calculating the applicable fees. It is essential for both buyers and sellers to understand how this value impacts their transaction costs.

Frequently asked questions

What is the current guideline value of Kakkalur Housing Board Commercial Area?

The current guideline value of the Kakkalur Housing Board Commercial Area is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, starting from Rs 200 per sq.ft in 2007 to Rs 3,000 per sq.ft in 2012, followed by fluctuations in subsequent years, with the most recent revisions maintaining the value at Rs 3,000 per sq.ft since 2023.

What is the median guideline value in Kakkalur?

The median guideline value for the streets in Kakkalur under the Tiruvallur Joint 1 SRO is Rs 626 per sq.ft, with the Kakkalur Housing Board Commercial Area's value being above this median.

What are the registration fees for properties in Kakkalur?

Registration fees are calculated based on the guideline value. For example, a 1,000 sq.ft property at the current rate would incur a total of Rs 2,70,000 in fees, including stamp duty and registration costs.

Where can I find my Sub Registrar Office?

The Tiruvallur Joint 1 Sub Registrar Office covers Kakkalur Housing Board Commercial Area, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO using the provided link.