Guideline Value for Kavi Kalamegam Street

Kavi Kalamegam Street guideline value

The current guideline value of Kavi Kalamegam Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Kavi Kalamegam Street has changed

Over the years, the guideline value of Kavi Kalamegam Street has seen several revisions. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, this figure decreased to Rs 670 per sq.ft in 2017. The 2023 revision saw a rise to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 1,100 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2012, the value increased by 400%, but then it decreased by 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023, and the latest revision shows a 10% increase from 2023 to 2024. Overall, the guideline value has increased by 450% from 2007 to 2024.

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. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current figure for Kavi Kalamegam Street.

• Kaviyarasu Street: Rs 1,100 per sq.ft (2024)
• Kattapomman Street: Rs 550 per sq.ft (2024)
• Kattapomman Cross Street: Rs 550 per sq.ft (2024)
• K.K.R. Millinium City: Rs 879 per sq.ft (2024)
• Kumaran Street: Rs 1,100 per sq.ft (2024)
• Kamarajar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kavi Kalamegam Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kavi Kalamegam Street?

The Sub Registrar Office that covers Kavi Kalamegam 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 Periyakuppam

The guideline value is a critical factor during the registration of property transactions in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the financial obligations of both the buyer and seller. It is advisable to check the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Kavi Kalamegam Street?

The current guideline value of Kavi Kalamegam Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 450% over this period.

What is the land classification for Kavi Kalamegam Street?

Kavi Kalamegam Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property here?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Kavi Kalamegam Street?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Kavi Kalamegam Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.