Guideline Value for Pookara street/kavari street

Pookara street/kavari street guideline value

The current guideline value for Pookara street/kavari street in Thirupachur village, under the Tiruvallur Joint 1 SRO, is Rs 1,000 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Pookara street/kavari street has changed

The guideline value for Pookara street/kavari street has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 50 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a remarkable increase of 1900%. In 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The most recent revisions in 2023 and 2024 both maintained the value at Rs 1,000 per sq.ft, showing no change between these two years.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 1900%.

Guideline values in Thirupachur

In Thirupachur village, there are 19 streets under the Tiruvallur Joint 1 SRO that have a guideline value for 2024, ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, positioning Pookara street/kavari street above this median value.

• Periya Colony-Elliyamman Koil St: Rs 350 per sq.ft (2024)
• Mettu street: Rs 1,500 per sq.ft (2024)
• Manthoppu street: Rs 550 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Kottai Colony: Rs 300 per sq.ft (2024)
• Kosa street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Pookara street/kavari street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pookara street/kavari street?

The Sub Registrar Office that covers Pookara street/kavari 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirupachur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the transaction.

When a property is sold, the registration office assesses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value for Pookara street/kavari street?

The current guideline value for Pookara street/kavari street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 50 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreasing to Rs 670 per sq.ft in 2017, and remaining at Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification for Pookara street/kavari street?

The land classification for Pookara street/kavari street is Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles the registration for properties in Thirupachur?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for properties in Thirupachur, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.