Guideline Value for KURUNI POO STREET

Kuruni Poo Street guideline value

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

How the guideline value of Kuruni Poo Street has changed

In the 2007 revision, the guideline value was Rs 100 per sq.ft. This figure saw a significant increase in the 2012 revision to Rs 625 per sq.ft, marking a rise of 525%. However, in the 2017 revision, the value decreased to Rs 419 per sq.ft, a drop of 33%. The 2023 revision maintained the value at Rs 626 per sq.ft, and the 2024 revision also reflects the same figure, indicating no change from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a substantial increase of 49%, bringing the value back to Rs 626 per sq.ft. Overall, from the 2007 revision to the 2024 revision, 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 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 Kuruni Poo Street.

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

For a 1,000 sq.ft plot at the current rate, 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. 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 more details.

Which Sub Registrar Office covers Kuruni Poo Street?

The Sub Registrar Office that covers Kuruni Poo Street is 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 aspect when registering property transactions in Kakkalur. It serves as a benchmark for determining the value of the property, ensuring that the registration fees and stamp duties are calculated correctly based on this value.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. It is essential for buyers and sellers to be aware of these values to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Kuruni Poo Street?

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

How has the guideline value changed over the years?

The guideline value has seen several changes, with a significant increase 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 land classification for Kuruni Poo Street?

Kuruni Poo Street is classified as Residential Class II Type - III, which indicates its intended use for residential purposes.

What are the stamp duty rates for property in Kuruni Poo Street?

The stamp duty rate for property transactions in Kuruni Poo Street is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Kuruni Poo Street?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Kuruni Poo Street, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.