Guideline Value for MAAVEERAN DURAI SAMY NAGAR

Maaveeran Durai Samy Nagar guideline value

The current guideline value of Maaveeran Durai Samy Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of Maaveeran Durai Samy Nagar has changed

The guideline value for Maaveeran Durai Samy Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in the 2017 revision. Following this, the value increased to Rs 626 per sq.ft in both the 2023 and 2024 revisions, showing a significant increase of 49% from 2017 to 2023. The register has no figures for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but overall, from 2012 to 2024, the guideline value has remained stable at Rs 626 per sq.ft. This consistency indicates that the value has not changed despite the fluctuations seen in earlier years.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value across these streets is Rs 626 per sq.ft, which is the same as the guideline value for Maaveeran Durai Samy Nagar.

• Magilam Poo Street: Rs 626 per sq.ft (2024)
• Maligai Street: Rs 626 per sq.ft (2024)
• Kuvalai Malai Street: Rs 626 per sq.ft (2024)
• Kuruni Poo Street: Rs 626 per sq.ft (2024)
• Manoranjitham Street: Rs 626 per sq.ft (2024)
• Kungumapoo Steet: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Maaveeran Durai Samy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value would be Rs 6,26,000. The stamp duty at 7% would amount to Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total to Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Maaveeran Durai Samy Nagar?

The Sub Registrar Office that covers Maaveeran Durai Samy Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kakkalur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with registration requirements.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the transaction is officially recorded and that the necessary taxes are paid based on the established guideline value.

Frequently asked questions

What is the current guideline value of Maaveeran Durai Samy Nagar?

The current guideline value of Maaveeran Durai Samy Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in both 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

What is the land classification for Maaveeran Durai Samy Nagar?

Maaveeran Durai Samy Nagar is classified as Residential Class II Type - III, indicating its designation for residential use.

What are the registration fees for properties in this area?

The registration fees for properties in Maaveeran Durai Samy Nagar include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Maaveeran Durai Samy Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.