Guideline Value for SEMPARUTHI STREET

Semparuthi Street guideline value

The current guideline value of Semparuthi Street 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 Semparuthi Street has changed

Over the years, the guideline value of Semparuthi Street has seen several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 625 per sq.ft in 2012, followed by a decrease to Rs 419 per sq.ft in 2017. The value then rose to Rs 626 per sq.ft in 2023 and has remained the same in the 2024 revision.

From 2007 to 2012, the guideline value increased by 213%. However, from 2012 to 2017, it decreased by 33%. The value then increased by 49% from 2017 to 2023, and there was no change from 2023 to 2024.

Guideline values in Kakkalur

Kakkalur village has a total of 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 for these streets is Rs 626 per sq.ft, which is equal to the current value of Semparuthi Street.

• Senthura Poo Street: Rs 626 per sq.ft (2024)
• Sevanthi Poo Street: Rs 626 per sq.ft (2024)
• Sha Shang Avenu: Rs 400 per sq.ft (2024)
• Shenbaga Poo Street: Rs 626 per sq.ft (2024)
• Shivananda Puram Lay Out: Rs 626 per sq.ft (2024)
• Shree Golden Avenue& Extn: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Semparuthi Street

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, and the registration fee at 2% would be Rs 12,520, bringing the total 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Semparuthi Street?

The Sub Registrar Office covering Semparuthi 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 details.

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 serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Semparuthi Street?

The current guideline value of Semparuthi 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 200 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, with various increases and a decrease recorded in between.

What is the land classification of Semparuthi Street?

Semparuthi Street is classified as Residential Class II Type - III.

What is the stamp duty rate applicable for property in Semparuthi Street?

The stamp duty rate applicable for property in Semparuthi Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find more information about the Sub Registrar Office?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more information by visiting the find your SRO link.