Guideline Value for Kanagavallipuram

Kanagavallipuram guideline value

The current guideline value of Kanagavallipuram is Rs 1,320 per sq.ft, effective from 1 July 2024. This village falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Kanagavallipuram has changed

The guideline value for Kanagavallipuram has seen several revisions over the years. In 2003, the value was Rs 289 per sq.ft, which increased to Rs 400 per sq.ft in 2007, marking a 38% rise. The value then surged by 200% to Rs 1,200 per sq.ft in 2012. However, it decreased by 33% to Rs 804 per sq.ft in 2017. The following revision in 2023 saw an increase of 49%, bringing the value to Rs 1,200 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 357%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO with a guideline value for 2024 ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that Kanagavallipuram's 2024 value is above this median.

• Kandappan Street: Rs 880 per sq.ft (2024)
• Kambar Street: Rs 2,200 per sq.ft (2024)
• Kannadhasan Nagar: Rs 1,100 per sq.ft (2024)
• Kamatchi Nagar: Rs 1,100 per sq.ft (2024)
• Kamatchi avenue: Rs 1,100 per sq.ft (2024)
• Kamarajar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kanagavallipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanagavallipuram?

Kanagavallipuram 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 in property transactions in Thiruvallur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kanagavallipuram?

The current guideline value of Kanagavallipuram is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, from Rs 289 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, reflecting a total increase of 357%.

What are the other streets in Thiruvallur with their guideline values?

Other streets in Thiruvallur have varying guideline values, with rates ranging from Rs 550 to Rs 3,850 per sq.ft. Notable streets include Kandappan Street at Rs 880 per sq.ft and Kambar Street at Rs 2,200 per sq.ft.

What is the stamp duty rate for properties in Kanagavallipuram?

The stamp duty rate for properties in Kanagavallipuram is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kanagavallipuram?

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