Guideline Value for NANTHAVANAM STREET

Nanthavanam Street guideline value

The current guideline value of Nanthavanam Street is Rs 626 per sq.ft. This street 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 Nanthavanam Street has changed

In the 2007 revision, the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 625 per sq.ft in 2012, marking a rise of 525%. However, the value saw a decrease to Rs 419 per sq.ft in 2017, reflecting a drop of 33%. From 2017 to 2023, the value increased to Rs 626 per sq.ft, which is a rise of 49%. The 2024 revision maintains this figure at Rs 626 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 526%.

Guideline values in Kakkalur

In Kakkalur village, there are 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 guideline value is Rs 626 per sq.ft, which is equal to the 2024 figure for Nanthavanam Street.

• Narasimhapuram & Extn: Rs 626 per sq.ft (2024)
• Neelorpavamalar Street: Rs 626 per sq.ft (2024)
• Mullai Street: Rs 626 per sq.ft (2024)
• New Maruthi Nagar: Rs 626 per sq.ft (2024)
• Mps Nagar: Rs 800 per sq.ft (2024)
• M.P. City(22/2.22/3): Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Nanthavanam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nanthavanam Street?

The Sub Registrar Office that covers Nanthavanam 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 Kakkalur

The guideline value is an essential reference for determining the stamp duty and registration fees applicable when buying or selling property in Kakkalur. It helps ensure that the transaction is recorded accurately and transparently in the official register.

When you register a property, the guideline value serves as a baseline for calculating the applicable duties and fees. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nanthavanam Street?

The current guideline value of Nanthavanam Street is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, rising from Rs 100 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, an overall increase of 526%.

What are the other streets in Kakkalur with the same guideline value?

Other streets in Kakkalur with the same guideline value of Rs 626 per sq.ft include Narasimhapuram & Extn, Neelorpavamalar Street, Mullai Street, New Maruthi Nagar, and M.P. City(22/2.22/3).

What is the registration fee for properties in Kakkalur?

The registration fee is calculated based on the guideline value. For example, for a property valued at Rs 6,26,000, the registration fee at 2% would be Rs 12,520.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Nanthavanam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more information by visiting the relevant link.