Guideline Value for KAMAKSHI AVENUE

Kamakshi Avenue guideline value

The current guideline value of Kamakshi Avenue in Kakkalur village, under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - III.

How the guideline value of Kamakshi Avenue has changed

Over the years, the guideline value of Kamakshi Avenue has seen several revisions. The 2012 revision set the value at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in the 2017 revision. This marked a significant decline of 33%. However, the value rebounded to Rs 626 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision, resulting in an overall increase of 49% from 2017 to 2023. Notably, the guideline value has remained constant at Rs 626 per sq.ft from 2023 to 2024.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Kamakshi Avenue in the register. The current value reflects the latest revisions and aligns with the median guideline value in Kakkalur.

Guideline values in Kakkalur

Kakkalur village has a range of guideline values across its 133 streets under the Tiruvallur Joint 1 SRO, with values 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 the current value for Kamakshi Avenue.

• Kakkalur Tamil Nadu Housing Board -Type-A,B: Rs 400 per sq.ft (2024)
• Kakkalur - Putlur Main Road: Rs 626 per sq.ft (2024)
• 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 Housing Board Hig Type: Rs 2,500 per sq.ft (2024)
• Kakkalur Housing Board Commercial Area: Rs 3,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kamakshi Avenue

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, bringing the total to Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamakshi Avenue?

Kamakshi Avenue falls under the jurisdiction of 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kakkalur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal documentation. Buyers must be aware that these fees are assessed on the higher of the guideline value or the sale price.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the property's worth as determined by the state. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kamakshi Avenue?

The current guideline value of Kamakshi Avenue is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

Since the 2012 revision, the guideline value has fluctuated, decreasing to Rs 419 per sq.ft in 2017 and then increasing to Rs 626 per sq.ft in 2023 and remaining the same in 2024.

What is the median guideline value in Kakkalur?

The median guideline value in Kakkalur is Rs 626 per sq.ft, which is also the current value for Kamakshi Avenue.

What are the stamp duty rates for properties in Kamakshi Avenue?

The stamp duty for properties in Kamakshi Avenue is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kamakshi Avenue located?

The Tiruvallur Joint 1 Sub Registrar Office, which covers Kamakshi Avenue, is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.