Guideline Value for SATHIYA SAI STREET

Sathiya Sai Street guideline value

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

How the guideline value of Sathiya Sai Street has changed

Over the years, the guideline value of Sathiya Sai Street has seen several revisions. 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 remained unchanged at Rs 626 per sq.ft during the 2023 revision and continues to be Rs 626 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

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 guideline value for these streets is Rs 626 per sq.ft, which is equal to the 2024 figure for Sathiya Sai Street.

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

Stamp duty and registration fee for property in Sathiya Sai Street

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 at 7% would be Rs 43,820, while the registration fee at 2% would be Rs 12,520, bringing the total fees 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathiya Sai Street?

The Sathiya Sai 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

The guideline value plays a crucial role during the registration of property transactions in Kakkalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, thus influencing the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sathiya Sai Street?

The current guideline value of Sathiya Sai 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 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then to Rs 626 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Sathiya Sai Street?

Sathiya Sai Street is classified as Residential Class II Type - III, indicating its suitability for residential purposes.

What are the registration fees for properties in Sathiya Sai Street?

The registration fees for properties are calculated based on the guideline value. For a property 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.

Where is the Sub Registrar Office for Sathiya Sai Street located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. This office handles the registration of properties in Sathiya Sai Street.