Guideline Value for SHA SHANG AVENU

Sha Shang Avenu guideline value

The current guideline value of Sha Shang Avenu in Kakkalur village is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Sha Shang Avenu has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This value decreased to Rs 670 per sq.ft in the 2017 revision, marking a reduction of 33%. Following this, the 2023 revision maintained the guideline value at Rs 400 per sq.ft, representing a significant drop of 40% from the previous figure. The current 2024 revision also holds the guideline value at Rs 400 per sq.ft, indicating no change from the 2023 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has decreased by 60%.

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, placing Sha Shang Avenu's 2024 figure below this median.

• 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)
• Shree Nagar: Rs 626 per sq.ft (2024)
• Shree Ram Nagar: Rs 626 per sq.ft (2024)
• Sevanthi Poo Street: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Sha Shang Avenu

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to 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 Sha Shang Avenu?

The Sub Registrar Office that covers Sha Shang Avenu 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 when registering property in Kakkalur. It determines the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory expenses for any property transaction. This ensures that all parties are aware of the financial implications involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Sha Shang Avenu?

The current guideline value of Sha Shang Avenu is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant reductions, from Rs 1,000 per sq.ft in 2012 to Rs 400 per sq.ft in 2024, reflecting a total decrease of 60% over this period.

What is the stamp duty rate for property in Sha Shang Avenu?

The stamp duty for property in Sha Shang Avenu is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sha Shang Avenu?

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

What is the median guideline value for streets in Kakkalur?

The median guideline value for streets in Kakkalur is Rs 626 per sq.ft, which is higher than the current guideline value of Sha Shang Avenu.