Guideline Value for KOWSALYA NAGAR

Kowsalya Nagar guideline value

The current guideline value of Kowsalya Nagar in Kakkalur village is Rs 626 per sq.ft, effective from 1 July 2024. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Kowsalya Nagar has changed

The guideline value for Kowsalya Nagar has seen several revisions over the years. In 2012, the value was set at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in 2017. Following this, the value increased significantly to Rs 626 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase from 2017 to 2023. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has remained stable at Rs 626 per sq.ft, indicating no change in this period. The 2024 revision reflects the same value as the previous year, suggesting consistency in the guideline value for Kowsalya Nagar.

Guideline values in Kakkalur

Kakkalur village comprises 133 streets under the Tiruvallur Joint 1 SRO, with a 2024 guideline value range from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 626 per sq.ft, which aligns with the guideline value for Kowsalya Nagar.

• Kulmahal Street: Rs 626 per sq.ft (2024)
• Kundumalli Street: Rs 626 per sq.ft (2024)
• Kungumapoo Steet: Rs 626 per sq.ft (2024)
• Kuruni Poo Street: Rs 626 per sq.ft (2024)
• Kuvalai Malai Street: Rs 626 per sq.ft (2024)
• Kasthuri Garden: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Kowsalya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total 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 fees 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. You can use the stamp duty and registration fee calculator for detailed calculations.

Which Sub Registrar Office covers Kowsalya Nagar?

Kowsalya Nagar 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 when registering a property in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Kowsalya Nagar?

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

How has the guideline value changed over the years?

The guideline value for Kowsalya Nagar has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in both 2023 and 2024.

What are the other streets in Kakkalur with the same guideline value?

Several other streets in Kakkalur also have a guideline value of Rs 626 per sq.ft in 2024, including Kulmahal Street, Kundumalli Street, Kungumapoo Steet, Kuruni Poo Street, Kuvalai Malai Street, and Kasthuri Garden.

What is the stamp duty rate for properties in Kowsalya Nagar?

The stamp duty rate for properties in Kowsalya Nagar is 7% of the guideline value or sale price, whichever is higher. This is applicable during the registration process.

Where can I find the Sub Registrar Office for Kowsalya Nagar?

The Sub Registrar Office covering Kowsalya Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more details online.