Guideline Value for Kaviyarasu Street

Kaviyarasu Street guideline value

The current guideline value of Kaviyarasu Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Kaviyarasu Street has changed

The guideline value for Kaviyarasu Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,000 per sq.ft, marking a 400% increase. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The 2023 revision brought it back up to Rs 1,000 per sq.ft, and the most recent 2024 revision has established the current guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value of Kaviyarasu Street.

• KGP Nagar: Rs 1,320 per sq.ft (2024)
• Kattabomman Streetsouth: Rs 1,650 per sq.ft (2024)
• Kattabomman Streetnorth: Rs 1,650 per sq.ft (2024)
• K.K. Nagar: Rs 1,100 per sq.ft (2024)
• Kommu Street: Rs 1,100 per sq.ft (2024)
• Kondammapuram Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviyarasu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaviyarasu Street?

The Sub Registrar Office that covers Kaviyarasu 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 Thiruvallur

The guideline value plays a crucial role in the registration process of property transactions in Thiruvallur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is considered for calculating the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Kaviyarasu Street?

The current guideline value of Kaviyarasu 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 from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the stamp duty rates for property in Kaviyarasu Street?

The stamp duty for property in Kaviyarasu Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kaviyarasu Street located?

The Sub Registrar Office for Kaviyarasu Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value for streets in Thiruvallur?

The median guideline value for streets in Thiruvallur is Rs 1,100 per sq.ft, which is the same as the current guideline value for Kaviyarasu Street.