Guideline Value for SAMPATH AVENUE

Sampath Avenue guideline value

The current guideline value of Sampath Avenue 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 Sampath Avenue has changed

The guideline value for Sampath Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 626 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, reflecting a 49% increase from 2017 to 2023. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2024, the overall change in guideline value is 0%, indicating that the value has stabilized at Rs 626 per sq.ft since 2023. This consistency suggests that the value has reached a point of equilibrium, especially given that the 2024 figure aligns with the median value of Rs 626 per sq.ft for Kakkalur.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with 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 Sampath Avenue.

• Sambanki Poo Street: Rs 626 per sq.ft (2024)
• Samanthi Street: 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 Sampath Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total 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, bringing the total cost for these fees to Rs 56,340. It is important to note that the 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 Sampath Avenue?

The Sampath 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 during the registration of property transactions in Kakkalur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives its due revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sampath Avenue?

The current guideline value of Sampath Avenue is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sampath Avenue 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 2023 and remains the same in 2024.

What is the land classification for Sampath Avenue?

Sampath Avenue is classified as Residential Class II Type - III, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Sampath Avenue?

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

How is stamp duty calculated for properties in Sampath Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 6,26,000, resulting in a stamp duty of Rs 43,820.