Guideline Value for Kabilar Street

Kabilar Street guideline value

The current guideline value of Kabilar Street in Periyakuppam village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class III Type - I.

How the guideline value of Kabilar Street has changed

The guideline value for Kabilar Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. This increased to Rs 500 per sq.ft in 2012, reflecting a significant rise of 150%. However, the value saw a decrease to Rs 335 per sq.ft in 2017, a drop of 33%. The most recent revisions show an increase to Rs 500 per sq.ft in 2023, followed by another increase to Rs 550 per sq.ft in 2024, marking a 10% rise.

Notably, the register has no figures for Kabilar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. Kabilar Street's 2024 figure is below this median.

• Jothi Ramalingam Street: Rs 1,100 per sq.ft (2024)
• J.N. Road: Rs 3,300 per sq.ft (2024)
• Kalaivanar Street: Rs 1,100 per sq.ft (2024)
• Kalamegam Street: Rs 550 per sq.ft (2024)
• Jayaprakash Street: Rs 1,320 per sq.ft (2024)
• Kamaraja Puram: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kabilar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kabilar Street?

Kabilar 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 further assistance.

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

The guideline value plays a crucial role during property registration in Periyakuppam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is officially recorded and complies with local regulations.

Additionally, the guideline value helps in establishing a baseline for property transactions, ensuring that both buyers and sellers are aware of the minimum value recognized by the government for taxation purposes. This transparency helps in facilitating smoother transactions in the real estate market.

Frequently asked questions

What is the current guideline value of Kabilar Street?

The current guideline value of Kabilar Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value of Kabilar Street changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for Kabilar Street?

Kabilar Street is classified as Residential Class III Type - I under the Tiruvallur Joint 1 SRO.

What are the stamp duty and registration fees for property in Kabilar Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 5,50,000, with a stamp duty of Rs 38,500 and a registration fee of Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Kabilar Street?

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