Guideline Value for KAKKALUR HOUSING BOARD LIG TYPE

Kakkalur Housing Board Lig Type guideline value

The current guideline value for Kakkalur Housing Board Lig Type is Rs 1,500 per sq.ft, effective from 1 July 2024. This property is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, and falls under the Residential Class IV Type - III land classification.

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

The guideline value for Kakkalur Housing Board Lig Type has seen several revisions over the years. The 2007 revision recorded a value of Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this value dropped to Rs 1,005 per sq.ft in 2017, before rising again to Rs 1,500 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The 2024 revision shows no change from the 2023 value, maintaining the Rs 1,500 per sq.ft rate. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 650%.

Guideline values in Kakkalur

Kakkalur village features a total of 133 streets under the Tiruvallur Joint 1 SRO, with 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value in this area is Rs 626 per sq.ft, positioning Kakkalur Housing Board Lig Type above this median.

• Kakkalur Housing Board Hig Type: Rs 2,500 per sq.ft (2024)
• Kakkalur Housing Board Mig Type: Rs 2,500 per sq.ft (2024)
• Kakkalur Housing Board Commercial Area: Rs 3,000 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 Lig Type

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kakkalur Housing Board Lig Type?

The Kakkalur Housing Board Lig Type falls under 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 further assistance.

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 determines the minimum price at which a property can be registered, ensuring that the transaction is documented at a fair value as per the local regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value for Kakkalur Housing Board Lig Type is Rs 1,500 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 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and has remained at Rs 1,500 per sq.ft in both 2023 and 2024.

What is the median guideline value in Kakkalur?

The median guideline value in Kakkalur village is Rs 626 per sq.ft, with Kakkalur Housing Board Lig Type positioned above this median at Rs 1,500 per sq.ft.

What are the stamp duty and registration fees for Kakkalur Housing Board Lig Type?

The stamp duty for a 1,000 sq.ft plot at the current guideline value is Rs 1,05,000, and the registration fee is Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for Kakkalur Housing Board Lig Type?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Kakkalur Housing Board Lig Type, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.