Guideline Value for Kakkalore Road

Kakkalore Road guideline value

The current guideline value of Kakkalore Road in Thiruvallur village is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Special Type - V.

How the guideline value of Kakkalore Road has changed

The guideline value for Kakkalore Road has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this value decreased to Rs 2,010 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 3,000 per sq.ft, and the latest revision in 2024 set it at Rs 3,300 per sq.ft, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 725%. The changes between revisions include a 650% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a substantial increase of 49% from 2017 to 2023.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median of Rs 1,100 per sq.ft. Kakkalore Road's 2024 figure of Rs 3,300 per sq.ft is significantly above this median.

• Kaikalamegam Street: Rs 1,100 per sq.ft (2024)
• Kalaivanar Street: Rs 1,100 per sq.ft (2024)
• Jothiramalingam Street: Rs 1,100 per sq.ft (2024)
• J.N.Road judges Colony: Rs 2,750 per sq.ft (2024)
• J.N. Road*: Rs 3,850 per sq.ft (2024)
• jeyeprakash Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkalore Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkalore Road?

The Kakkalore Road area 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 details.

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

The guideline value is a crucial factor when registering property transactions in Thiruvallur. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these charges are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps to establish a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kakkalore Road?

The current guideline value of Kakkalore Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased by 725%, from Rs 400 per sq.ft to Rs 3,300 per sq.ft in 2024, with various fluctuations in between.

What are the stamp duty rates for properties on Kakkalore Road?

The stamp duty for properties on Kakkalore Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kakkalore Road?

The Sub Registrar Office covering Kakkalore Road is the Tiruvallur Joint 1 SRO, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

How is the guideline value determined for properties in Thiruvallur?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location within the village.