Guideline Value for SHREE GOLDEN AVENUE& EXTN

Shree Golden Avenue& Extn guideline value

The current guideline value of Shree Golden Avenue& Extn is Rs 626 per sq.ft. This property 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 Shree Golden Avenue& Extn has changed

The guideline value for Shree Golden Avenue& Extn has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, maintains the guideline value at Rs 626 per sq.ft, unchanged from the 2023 revision. Prior to that, in 2017, the value was Rs 419 per sq.ft, marking a significant increase of 49% from 2017 to 2023. In 2012, the value was Rs 625 per sq.ft, which reflects a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 0%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The 2012 revision showed a value of Rs 625 per sq.ft, which was slightly higher than the current value, but the subsequent revisions have stabilized the value at Rs 626 per sq.ft.

Guideline values in Kakkalur

Kakkalur village has a total of 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 for these streets is Rs 626 per sq.ft, which is equal to the current guideline value for Shree Golden Avenue& Extn.

• Shree Nagar: Rs 626 per sq.ft (2024)
• Shree Ram Nagar: Rs 626 per sq.ft (2024)
• Shivananda Puram Lay Out: 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 Shree Golden Avenue& Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, while the registration fee at 2% would be Rs 12,520, bringing the total charges 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 also use the stamp duty and registration fee calculator for a more precise calculation based on your property details.

Which Sub Registrar Office covers Shree Golden Avenue& Extn?

The Shree Golden Avenue& Extn is covered by 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 crucial factor in property transactions in Kakkalur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that both the buyer and seller comply with the legal requirements during the transaction.

When buying or selling property, it is essential to be aware of the guideline value to avoid any discrepancies during registration. The guideline value serves as a benchmark for both parties, ensuring transparency and fairness in the transaction process.

Frequently asked questions

What is the current guideline value of Shree Golden Avenue& Extn?

The current guideline value of Shree Golden Avenue& Extn 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 the most recent revision maintaining it at Rs 626 per sq.ft. From 2012 to 2017, the value decreased to Rs 419 per sq.ft, but it has since increased to the current value.

What is the land classification for Shree Golden Avenue& Extn?

Shree Golden Avenue& Extn is classified as Residential Class II Type - III, indicating its suitability for residential development.

Where can I find the registration office for this area?

The registration office for Shree Golden Avenue& Extn 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,26,000, the stamp duty would be calculated at 7% of that amount.