Guideline Value for Kamakshiamman st

Kamakshiamman st guideline value

The current guideline value of Kamakshiamman st is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Pungathur village, under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Kamakshiamman st has changed

The guideline value for Kamakshiamman st has undergone several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The value rose again to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft from the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From the 2017 to 2023 revision, the guideline value increased by 49%. The 2023 to 2024 revision saw a further increase of 10%. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Pungathur

Pungathur village has 32 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median value among these streets is Rs 1,485 per sq.ft, placing Kamakshiamman st's 2024 figure below that median.

• Jayanagar mainRoad: Rs 1,650 per sq.ft (2024)
• Keezhandai mada veedhi: Rs 550 per sq.ft (2024)
• K.R.R.C Nagar: Rs 1,650 per sq.ft (2024)
• Meelandai madaveedi: Rs 550 per sq.ft (2024)
• Bajanai koil st: Rs 550 per sq.ft (2024)
• A.S.P Nagar Extn(581/2,581/3,581/3a): Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Kamakshiamman st

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 amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kamakshiamman st?

The Sub Registrar Office that covers Kamakshiamman st 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 Pungathur

The guideline value plays a crucial role in the property registration process in Pungathur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. This value is set by the government and is periodically revised to reflect changes in the real estate market.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamakshiamman st?

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

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 150 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, with fluctuations in between.

What is the land classification of Kamakshiamman st?

Kamakshiamman st is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for Kamakshiamman st?

The Sub Registrar Office for Kamakshiamman st is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Kamakshiamman st?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a 1,000 sq.ft plot at Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000, leading to stamp duty and registration fees based on that amount.