Guideline Value for SHENBAGA POO STREET

Shenbaga Poo Street guideline value

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

How the guideline value of Shenbaga Poo Street has changed

The guideline value for Shenbaga Poo Street has seen several revisions over the years. In the 2007 revision, the value was Rs 100 per sq.ft, which significantly increased to Rs 625 per sq.ft in 2012, marking a rise of 525%. However, from 2012 to 2017, the value decreased to Rs 419 per sq.ft, a drop of 33%. The value then increased by 49% to Rs 626 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

Notably, the register has no figures for Shenbaga Poo Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 526%.

Guideline values in Kakkalur

In Kakkalur, there are 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 value is Rs 626 per sq.ft, which is the same as the guideline value for Shenbaga Poo Street.

• Shivananda Puram Lay Out: Rs 626 per sq.ft (2024)
• Sha Shang Avenu: Rs 400 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 Shenbaga Poo 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 be Rs 43,820, and 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 Shenbaga Poo Street?

The Sub Registrar Office that covers Shenbaga 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 during the registration of property transactions in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

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 appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shenbaga Poo Street?

The current guideline value of Shenbaga 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 changed from Rs 100 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, reflecting an overall increase of 526% over the years.

What are the other streets in Kakkalur with similar guideline values?

Other streets in Kakkalur with a guideline value of Rs 626 per sq.ft include Shivananda Puram Lay Out, Shree Golden Avenue& Extn, Shree Nagar, Shree Ram Nagar, and Sevanthi Poo Street.

What fees are associated with buying property in Shenbaga Poo Street?

When buying property in Shenbaga Poo Street, buyers should be prepared to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

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