Guideline Value for North raja Street

North raja Street guideline value

The current guideline value of North raja Street is Rs 1,650 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 - I.

How the guideline value of North raja Street has changed

The guideline value of North raja Street has seen several revisions over the years. In the 2007 revision, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, the value then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value rose sharply to Rs 1,500 per sq.ft in the 2023 revision and further increased to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 230%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

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, with a median value of Rs 1,100 per sq.ft. North raja Street's 2024 figure of Rs 1,650 per sq.ft is above this median.

• N.G.G.O Colony: Rs 1,100 per sq.ft (2024)
• Om Sakthi Nagar: Rs 1,100 per sq.ft (2024)
• New N.G.G.O Colony: Rs 1,100 per sq.ft (2024)
• Nethaji Salai: Rs 2,750 per sq.ft (2024)
• Pakthavatchalam Street: Rs 1,650 per sq.ft (2024)
• Pallavan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in North raja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers North raja Street?

The Sub Registrar Office that covers North raja 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 online for more information.

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

The guideline value is an essential factor when buying or selling property in Thiruvallur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's valuation as per the guideline value register.

Frequently asked questions

What is the current guideline value of North raja Street?

The current guideline value of North raja Street is Rs 1,650 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 500 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 230% over this period.

What are the registration fees for property in North raja Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers North raja Street?

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

What is the land classification of North raja Street?

North raja Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.