Guideline Value for SHIVANANDA PURAM LAY OUT

Shivananda Puram Lay Out guideline value

The current guideline value of Shivananda Puram Lay Out is Rs 626 per sq.ft, effective from 1 July 2024. This layout is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of Shivananda Puram Lay Out has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft, which saw a decrease to Rs 419 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased by 49% to Rs 626 per sq.ft, and this figure remained unchanged in the 2024 revision.

The guideline value has remained at Rs 626 per sq.ft since the 2023 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 626 per sq.ft, which is equal to the current guideline value of Shivananda Puram Lay Out.

• 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)
• Shenbaga Poo Street: Rs 626 per sq.ft (2024)
• Sha Shang Avenu: Rs 400 per sq.ft (2024)
• Singaravelan Avenue: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Shivananda Puram Lay Out

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 fees to Rs 56,340. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shivananda Puram Lay Out?

The Sub Registrar Office that covers Shivananda Puram Lay Out 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 a critical factor in the registration process when buying or selling property in Kakkalur. It serves as a reference point for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. 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 Shivananda Puram Lay Out?

The current guideline value of Shivananda Puram Lay Out 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, with a decrease from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, followed by an increase back to Rs 626 per sq.ft in both 2023 and 2024.

What are the stamp duty and registration fees for properties in Shivananda Puram Lay Out?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 56,340, which includes a stamp duty of Rs 43,820 and a registration fee of Rs 12,520.

Which Sub Registrar Office covers the area?

The Tiruvallur Joint 1 Sub Registrar Office covers Shivananda Puram Lay Out. It is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification of Shivananda Puram Lay Out?

Shivananda Puram Lay Out is classified as Residential Class II Type - III, indicating its suitability for residential development.