Guideline Value for PAARIJATHA POO STREET

Paarijatha Poo Street guideline value

The current guideline value of Paarijatha Poo 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, classified as Residential Class II Type - III.

How the guideline value of Paarijatha Poo Street has changed

The guideline value for Paarijatha Poo Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 100 per sq.ft. This increased significantly to Rs 625 per sq.ft in 2012, marking a 525% rise. However, it then decreased to Rs 419 per sq.ft in 2017, a drop of 33%. From 2017 to 2023, the value increased by 49%, bringing it back to Rs 626 per sq.ft, which remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for this street. The guideline value has remained at Rs 626 per sq.ft from 2023 to 2024, indicating no change during this period.

Guideline values in Kakkalur

Kakkalur village has 133 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 626 per sq.ft, which is equal to the guideline value of Paarijatha Poo Street.

• Paneer Poo Street: Rs 626 per sq.ft (2024)
• New Maruthi Nagar: Rs 626 per sq.ft (2024)
• Pavala Malli Street: Rs 626 per sq.ft (2024)
• Neelorpavamalar Street: Rs 626 per sq.ft (2024)
• Narasimhapuram & Extn: Rs 626 per sq.ft (2024)
• Nanthavanam Street: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Paarijatha Poo Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Paarijatha Poo Street?

The Sub Registrar Office that covers Paarijatha Poo Street 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 the registration process when buying or selling property in Kakkalur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is documented accurately and reflects the true value of the property.

Frequently asked questions

What is the current guideline value of Paarijatha Poo Street?

The current guideline value of Paarijatha Poo 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, reflecting an overall increase of 526% over the years.

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 Paneer Poo Street, New Maruthi Nagar, Pavala Malli Street, Neelorpavamalar Street, Narasimhapuram & Extn, and Nanthavanam Street.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 6,26,000, the total fees would amount to Rs 56,340.

Where can I find the Sub Registrar Office for Paarijatha Poo Street?

The Sub Registrar Office for Paarijatha Poo Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.