Guideline Value for SAI MOUNT VIEW AVENUE

Sai Mount View Avenue guideline value

The current guideline value of Sai Mount View Avenue 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 Sai Mount View Avenue has changed

Over the years, the guideline value of Sai Mount View Avenue has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 625 per sq.ft. This was followed by a decrease to Rs 419 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 626 per sq.ft. The 2023 revision maintained this value, and the same rate continues into the 2024 revision, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Sai Mount View Avenue in the register. Overall, from 2012 to 2024, the guideline value has remained stable, with an overall change of 0%.

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 value for these streets is Rs 626 per sq.ft, which is equal to the current guideline value for Sai Mount View Avenue.

• Sai Nagar: Rs 626 per sq.ft (2024)
• Sakthi Garden: Rs 626 per sq.ft (2024)
• Sakthi Nagar: Rs 626 per sq.ft (2024)
• R.V.Nagar: Rs 626 per sq.ft (2024)
• R.P. Nagar: Rs 626 per sq.ft (2024)
• Samanthi Street: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Mount View Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty, charged at 7%, would be Rs 43,820, while the registration fee at 2% would be Rs 12,520. Together, the total cost for these fees would be Rs 56,340. It is important to note that 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 Sai Mount View Avenue?

The Sai Mount View Avenue falls under 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 in the registration process when buying or selling property in Kakkalur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties and fees. This ensures transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sai Mount View Avenue?

The current guideline value of Sai Mount View Avenue 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 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in both 2023 and 2024.

What is the land classification for Sai Mount View Avenue?

Sai Mount View Avenue is classified as Residential Class II Type - III, indicating its use for residential purposes.

What are the stamp duty and registration fees for properties in Sai Mount View Avenue?

For a 1,000 sq.ft plot valued at Rs 6,26,000, the stamp duty is Rs 43,820 and the registration fee is Rs 12,520, totaling Rs 56,340.

Which office handles the registration for Sai Mount View Avenue?

The registration for Sai Mount View Avenue is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.