Guideline Value for ROJA STREET

Roja Street guideline value

The current guideline value of Roja Street in Kakkalur village under the Tiruvallur Joint 1 SRO is Rs 626 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - III land classification.

How the guideline value of Roja Street has changed

The guideline value of Roja Street has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which significantly increased to Rs 625 per sq.ft in 2012. However, it then dropped to Rs 419 per sq.ft in 2017, before rising to Rs 626 per sq.ft in both 2023 and 2024, reflecting no change between these two years. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The most notable increase occurred from 2007 to 2012, which saw a remarkable rise of 525%. Overall, from 2007 to 2024, the guideline value has increased by 526%.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value across these streets is Rs 626 per sq.ft, making Roja Street's current value equal to this median.

• R.K. Nagar: Rs 626 per sq.ft (2024)
• Royal Homes Part-I To III: Rs 626 per sq.ft (2024)
• R.P. Nagar: Rs 626 per sq.ft (2024)
• R.V.Nagar: Rs 626 per sq.ft (2024)
• Redhillis Road: Rs 800 per sq.ft (2024)
• Sai Mount View Avenue: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Roja 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 amount to Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total charges together to 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 Roja Street?

The Roja Street is covered by 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

When buying or selling property in Kakkalur, the guideline value is a crucial factor in determining the applicable stamp duty and registration fees. This value serves as a benchmark for the transaction and is used by the registration authorities to calculate the necessary fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. Ensuring that the sale price aligns with or exceeds the guideline value can help avoid complications during registration.

Frequently asked questions

What is the current guideline value of Roja Street?

The current guideline value of Roja 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 stamp duty rates for properties in Roja Street?

The stamp duty for properties in Roja Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Roja Street located?

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

What is the land classification of Roja Street?

Roja Street is classified as Residential Class II Type - III, which indicates its suitability for residential development.