Guideline Value for KUNGUMAPOO STEET

Kungumapoo Steet guideline value

The current guideline value of Kungumapoo Steet is Rs 626 per sq.ft, effective from 1 July 2024. This street is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Kungumapoo Steet has changed

The guideline value for Kungumapoo Steet has undergone several revisions over the years. The earliest recorded value in 2007 was Rs 100 per sq.ft, which significantly increased to Rs 625 per sq.ft in 2012. However, there was a decrease to Rs 419 per sq.ft in 2017. The value then rose to Rs 626 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, the value increased by 525%, then decreased by 33% from 2012 to 2017. Following that, there was a substantial increase of 49% from 2017 to 2023, and the value remained constant into 2024. 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 Kungumapoo Steet.

• Kundumalli Street: 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 Kungumapoo Steet

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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kungumapoo Steet?

The Kungumapoo Steet 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 plays a crucial role in property transactions in Kakkalur. It is used to determine the stamp duty and registration fees payable at the time of property registration. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that all transactions are fairly assessed according to the established rates.

Frequently asked questions

What is the current guideline value of Kungumapoo Steet?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, reflecting an overall increase of 526% over the years.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that the correct amount is paid based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Kungumapoo Steet?

The Tiruvallur Joint 1 Sub Registrar Office covers Kungumapoo Steet, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

Are there other streets in Kakkalur with the same guideline value?

Yes, there are several other streets in Kakkalur that share the same guideline value of Rs 626 per sq.ft, including Kundumalli Street, Kuruni Poo Street, and others.