Guideline Value for SAMBANKI POO STREET

Sambanki Poo Street guideline value

The current guideline value of Sambanki 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 Sambanki Poo Street has changed

Looking at the revisions over the years, the guideline value for Sambanki Poo Street has seen several changes. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 625 per sq.ft in 2012, marking a rise of 525%. However, from 2012 to 2017, the value decreased to Rs 419 per sq.ft, a drop of 33%. The value then increased by 49% to Rs 626 per sq.ft in 2023, and it remained the same in the 2024 revision.

It is noteworthy that the register has no figure for this street in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 526%.

Guideline values in Kakkalur

In Kakkalur village, there are 133 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is equal to the current value of Sambanki Poo Street.

• Samanthi Strret: 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 Sambanki 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, together amounting to Rs 56,340. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sambanki Poo Street?

The Sub Registrar Office that covers Sambanki Poo 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 information.

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

The guideline value is a crucial factor during property registration in Kakkalur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that these fees are based on a standardized property value.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall cost of transactions. Buyers must ensure that the sale price is in accordance with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sambanki Poo Street?

The current guideline value of Sambanki Poo Street is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 100 per sq.ft to Rs 626 per sq.ft in 2024, marking an overall increase of 526%.

What is the stamp duty rate for properties on Sambanki Poo Street?

The stamp duty rate for properties on Sambanki Poo Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sambanki Poo Street located?

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

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

Other streets in Kakkalur that share the same guideline value of Rs 626 per sq.ft include Samanthi Strret, Sampath Avenue, Sakthi Nagar, Sakthi Garden, Sai Nagar, and Sai Mount View Avenue.