Guideline Value for SEVANTHI POO STREET

Sevanthi Poo Street guideline value

The current guideline value of Sevanthi Poo Street is Rs 626 per sq.ft, effective from 1 July 2024. This street is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Sevanthi Poo Street has changed

In the 2007 revision, the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 625 per sq.ft in 2012, marking a remarkable rise of 525%. However, the value decreased to Rs 419 per sq.ft in 2017, a drop of 33%. The 2023 revision maintained the value at Rs 626 per sq.ft, and the same value continues into the 2024 revision, showing no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, 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 a 2024 guideline value range from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 626 per sq.ft, which matches the current guideline value of Sevanthi Poo Street.

• Senthura Poo Street: Rs 626 per sq.ft (2024)
• Sha Shang Avenu: Rs 400 per sq.ft (2024)
• Semparuthi Street: Rs 626 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 Sevanthi 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, bringing the total to Rs 56,340. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sevanthi Poo Street?

The Sub Registrar Office that covers Sevanthi 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 an essential 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 sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sevanthi Poo Street?

The current guideline value of Sevanthi Poo 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 seen various changes, starting from Rs 100 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, which is an overall increase of 526% from the 2007 revision.

What is the land classification for Sevanthi Poo Street?

The land classification for Sevanthi Poo Street is Residential Class II Type - III, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Sevanthi Poo Street?

The Sub Registrar Office for Sevanthi Poo Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Kakkalur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 6,26,000 would incur a stamp duty of Rs 43,820 at 7%.