Guideline Value for SAMANTHI STRRET

Samanthi Strret guideline value

The current guideline value of Samanthi Strret in Kakkalur village is Rs 626 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Samanthi Strret has changed

The guideline value for Samanthi Strret has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 625 per sq.ft in 2012. However, it saw a decrease to Rs 419 per sq.ft in 2017. The value then rose to Rs 626 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

Overall, from 2007 to 2024, the guideline value has increased by 526%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kakkalur

Kakkalur village has 133 streets under the Tiruvallur Joint 1 SRO, with 2024 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 Samanthi Strret.

• Sambanki Poo Street: Rs 626 per sq.ft (2024)
• Sampath Avenue: Rs 626 per sq.ft (2024)
• Sakthi Nagar: Rs 626 per sq.ft (2024)
• Sakthi Garden: Rs 626 per sq.ft (2024)
• Sai Nagar: Rs 626 per sq.ft (2024)
• Sai Mount View Avenue: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Samanthi Strret

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, while the registration fee at 2% would be Rs 12,520, bringing the total fees together to Rs 56,340. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Samanthi Strret?

The Samanthi Strret 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

The guideline value is a critical factor when buying or selling property in Kakkalur. 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 local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Samanthi Strret?

The current guideline value of Samanthi Strret 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, marking an overall increase of 526% since 2007.

What are the other streets in Kakkalur with the same guideline value?

Several other streets in Kakkalur also have a guideline value of Rs 626 per sq.ft for 2024, including Sambanki Poo Street, Sampath Avenue, Sakthi Nagar, Sakthi Garden, Sai Nagar, and Sai Mount View Avenue.

What are the stamp duty and registration fees for property in Samanthi Strret?

For a 1,000 sq.ft plot at the guideline value of Rs 626 per sq.ft, the total guideline value is Rs 6,26,000. The stamp duty would be Rs 43,820, and the registration fee would be Rs 12,520, totaling Rs 56,340.

Which Sub Registrar Office covers Samanthi Strret?

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