Guideline Value for NEELORPAVAMALAR STREET

Neelorpavamalar Street guideline value

The current guideline value of Neelorpavamalar Street is Rs 626 per sq.ft, effective from 1 July 2024. 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 Neelorpavamalar 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, from 2012 to 2017, the value decreased to Rs 419 per sq.ft, which is a decline of 33%. The 2017 revision saw an increase to Rs 626 per sq.ft in 2023, representing a growth of 49%. The current guideline value in 2024 remains at Rs 626 per sq.ft, showing no change from the previous year.

The register has no figures for Neelorpavamalar Street for the years 2002 and 2003. 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 guideline value for 2024, 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 Neelorpavamalar Street.

• Narasimhapuram & Extn: Rs 626 per sq.ft (2024)
• Nanthavanam Street: Rs 626 per sq.ft (2024)
• New Maruthi Nagar: Rs 626 per sq.ft (2024)
• Paarijatha Poo Street: Rs 626 per sq.ft (2024)
• Mullai Street: Rs 626 per sq.ft (2024)
• Mps Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Neelorpavamalar Street

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 be Rs 43,820, and the registration fee at 2% would be Rs 12,520, totaling Rs 56,340. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Neelorpavamalar Street?

The Sub Registrar Office that covers Neelorpavamalar 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 a crucial factor when registering property transactions in Kakkalur. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any unexpected charges during the registration process.

Frequently asked questions

What is the current guideline value of Neelorpavamalar Street?

The current guideline value of Neelorpavamalar 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 changed from Rs 100 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, marking an overall increase of 526%.

What is the median guideline value in Kakkalur?

The median guideline value in Kakkalur is Rs 626 per sq.ft, which is the same as the current value for Neelorpavamalar Street.

What are the stamp duty and registration fees for a property in Neelorpavamalar Street?

For a 1,000 sq.ft plot at the guideline value of Rs 626 per sq.ft, the total stamp duty and registration fees would amount to Rs 56,340.

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

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