Guideline Value for Kuttaikkarai Street

Kuttaikkarai Street guideline value

The current guideline value of Kuttaikkarai Street in Thiruvallur village under the Tiruvallur Joint 1 SRO is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - I.

How the guideline value of Kuttaikkarai Street has changed

Over the years, the guideline value for Kuttaikkarai Street has seen significant changes. In the 2007 revision, the value was Rs 320 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in the 2012 revision, marking a rise of 525%. However, the value decreased to Rs 1,340 per sq.ft in the 2017 revision, a decline of 33%. The 2023 revision saw another increase to Rs 2,000 per sq.ft, followed by the current value of Rs 2,200 per sq.ft from the 2024 revision, reflecting a 10% increase.

The guideline value register has no figures for the years 2002 and 2003 for Kuttaikkarai Street. From 2007 to 2024, the overall increase in guideline value is 588%, showcasing the fluctuations over the years.

Guideline values in Thiruvallur

In Thiruvallur, 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 value is Rs 1,100 per sq.ft, placing Kuttaikkarai Street's 2024 figure above this median.

• Kumeravel Nagar: Rs 2,200 per sq.ft (2024)
• Kumaran Cross Street: Rs 1,100 per sq.ft (2024)
• Kumanan Street: Rs 1,100 per sq.ft (2024)
• Lakshmipuram: Rs 1,320 per sq.ft (2024)
• Lakshmipuram Colony: Rs 880 per sq.ft (2024)
• Lal Bhagathur Sastri Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kuttaikkarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuttaikkarai Street?

Kuttaikkarai Street 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 information.

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

The guideline value is a critical factor during the registration of property transactions in Thiruvallur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Kuttaikkarai Street?

The current guideline value of Kuttaikkarai Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 588% over the years.

What is the land classification for Kuttaikkarai Street?

The land classification for Kuttaikkarai Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for Kuttaikkarai Street?

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

How is stamp duty calculated for properties in Kuttaikkarai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,54,000.