Guideline Value for KUNDUMALLI STREET

Kundumalli Street guideline value

The current guideline value of Kundumalli Street is Rs 626 per sq.ft, effective from 1 July 2024. This street is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO, with a land classification of Residential Class II Type - III.

How the guideline value of Kundumalli Street has changed

The guideline value for Kundumalli Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 100 per sq.ft, which saw a significant increase to Rs 625 per sq.ft in the 2012 revision, marking a rise of 525%. However, this value decreased to Rs 419 per sq.ft in the 2017 revision, a drop of 33%. The guideline value then increased by 49% to Rs 626 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for Kundumalli Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 526%.

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 guideline value is Rs 626 per sq.ft, which is equal to the current value of Kundumalli Street.

• 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)
• Kulmahal Street: Rs 626 per sq.ft (2024)
• Kowsalya Nagar: Rs 626 per sq.ft (2024)
• Maaveeran Durai Samy Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Kundumalli Street

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, resulting in a total cost of 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 more detailed calculations.

Which Sub Registrar Office covers Kundumalli Street?

Kundumalli Street 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 during the registration process of property transactions in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to ensure that the transaction is recorded at a fair value. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kundumalli Street?

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

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 100 per sq.ft to Rs 626 per sq.ft in 2024, reflecting a total increase of 526% over the years.

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

Other streets in Kakkalur with the same guideline value of Rs 626 per sq.ft include Kungumapoo Steet, Kuruni Poo Street, Kuvalai Malai Street, Kulmahal Street, Kowsalya Nagar, and Maaveeran Durai Samy Nagar.

How is stamp duty calculated for properties in Kundumalli Street?

Stamp duty for properties in Kundumalli Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,26,000, the stamp duty would be Rs 43,820 at the rate of 7%.

Where can I find the Sub Registrar Office for Kundumalli Street?

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