Guideline Value for SHREE NAGAR

Shree Nagar guideline value

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

How the guideline value of Shree Nagar has changed

The guideline value for Shree Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, when the guideline value was Rs 625 per sq.ft. This was followed by a decrease to Rs 419 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%, bringing it back to Rs 626 per sq.ft. Notably, the guideline value remained unchanged from 2023 to 2024.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the current 2024 value, there has been no net change, maintaining the guideline 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 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is equal to the current guideline value of Shree Nagar.

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

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, and the registration fee at 2% would be Rs 12,520, making the total cost for these fees Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shree Nagar?

The Sub Registrar Office that covers Shree Nagar 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 reference point for property transactions in Kakkalur. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is crucial for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. This ensures that all parties involved are informed and prepared for the financial obligations associated with property transfers.

Frequently asked questions

What is the current guideline value of Shree Nagar?

The current guideline value of Shree Nagar 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 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Shree Nagar?

Shree Nagar falls under the Residential Class II Type - III land classification.

Where can I find the Sub Registrar Office for Shree Nagar?

The Sub Registrar Office for Shree Nagar 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 property in Shree Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 43,820.