Guideline Value for KAKKALUR HOUSING BOARD HIG TYPE

Kakkalur Housing Board Hig Type guideline value

The current guideline value for Kakkalur Housing Board Hig Type is Rs 2,500 per sq.ft. This property is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, and is classified as Commercial Special Type - II.

How the guideline value of Kakkalur Housing Board Hig Type has changed

Over the years, the guideline value for Kakkalur Housing Board Hig Type has seen several revisions. The earliest recorded value was Rs 150 per sq.ft in 2007, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then dropped to Rs 1,675 per sq.ft in 2017, before rising again to Rs 2,500 per sq.ft in both 2023 and 2024. Notably, there are no figures available for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, while from 2012 to 2017, the value decreased by 33%. The most significant change occurred from 2007 to 2012, with an increase of 1567%. Overall, from 2007 to 2024, the guideline value has increased by 1567%.

Guideline values in Kakkalur

Kakkalur village has a total of 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, placing Kakkalur Housing Board Hig Type above this median.

• Kakkalur Housing Board Commercial Area: Rs 3,000 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 Hig Type

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, making the total fees Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkalur Housing Board Hig Type?

The Kakkalur Housing Board Hig Type 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 plays a crucial role when buying or selling property in Kakkalur. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with the local regulations.

When a property is registered, the guideline value is considered to assess the applicable fees. This ensures that the transaction is documented accurately and in accordance with the prevailing rates set by the Registration Department.

Frequently asked questions

What is the current guideline value for Kakkalur Housing Board Hig Type?

The current guideline value for Kakkalur Housing Board Hig Type is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 150 per sq.ft to Rs 2,500 per sq.ft in 2024, marking an overall increase of 1567%.

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

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which office handles the registration for Kakkalur Housing Board Hig Type?

The registration for Kakkalur Housing Board Hig Type is handled by the Tiruvallur Joint 1 Sub Registrar Office located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the significance of the guideline value?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions, ensuring compliance with local regulations.