Guideline Value for KAKKALUR HOUSING BOARD MIG TYPE

Kakkalur Housing Board Mig Type guideline value

The current guideline value for Kakkalur Housing Board Mig Type is Rs 2,500 per sq.ft, effective from 1 July 2024. This property is located in Kakkalur village under the Tiruvallur Joint 1 SRO, classified as Commercial Special Type - II.

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

Over the years, the guideline value for Kakkalur Housing Board Mig Type has experienced several revisions. The oldest recorded revision was in 2007, where the value was Rs 200 per sq.ft. This figure saw a significant increase to Rs 2,500 per sq.ft in the 2012 revision, marking a rise of 1150%. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, which was a reduction of 33%. The value then rose again to Rs 2,500 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

The register has no figure for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1150%.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 626 per sq.ft, placing Kakkalur Housing Board Mig Type above this median.

• Kakkalur Housing Board Lig Type: Rs 1,500 per sq.ft (2024)
• Kakkalur - Putlur Main Road: Rs 626 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)
• 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 Mig Type

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000. Together, these fees would total Rs 2,25,000. It is important to note that 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 accurate calculations.

Which Sub Registrar Office covers Kakkalur Housing Board Mig Type?

The Kakkalur Housing Board Mig 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 more information.

How the guideline value is used when you buy or sell in Kakkalur

The guideline value plays a crucial role in the registration process of property transactions in Kakkalur. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value is assessed to ensure that the correct fees are calculated based on the higher of the guideline value or the sale price. This ensures compliance with local regulations during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2012, then decreased to Rs 1,675 per sq.ft in 2017, and returned to Rs 2,500 per sq.ft in both 2023 and 2024.

What is the land classification for Kakkalur Housing Board Mig Type?

Kakkalur Housing Board Mig Type is classified as Commercial Special Type - II, indicating its intended use for commercial purposes.

Where can I find the Sub Registrar Office for Kakkalur?

The Sub Registrar Office for Kakkalur is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, under the Tiruvallur Joint 1 SRO.

How is the stamp duty calculated for properties in Kakkalur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,00,000, the stamp duty at 7% would be Rs 1,75,000.