Guideline Value for SINGARAVELAN AVENUE

Singaravelan Avenue guideline value

The current guideline value of Singaravelan Avenue in Kakkalur village is Rs 626 per sq.ft, effective from 1 July 2024. This property falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Singaravelan Avenue has changed

Since the 2012 revision, the guideline value for Singaravelan Avenue has seen various changes. In 2012, the value was Rs 625 per sq.ft, which decreased to Rs 419 per sq.ft in 2017. This marked a significant decline of 33%. However, from 2017 to 2023, there was a substantial increase of 49%, bringing the value back to Rs 626 per sq.ft. The 2023 revision maintained this value, with no change noted in the 2024 revision.

It is important to note that the guideline register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing an overall change of 0%.

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 guideline value is Rs 626 per sq.ft, which matches the current value of Singaravelan Avenue.

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

Stamp duty and registration fee for property in Singaravelan Avenue

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 stamp duty and registration 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Singaravelan Avenue?

The Sub Registrar Office that covers Singaravelan Avenue 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 details.

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 the basis for calculating the stamp duty and registration fees, which are mandatory for completing the transaction legally.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher amount between the guideline value and the actual sale price. This ensures that the government receives the appropriate taxes on property transactions.

Frequently asked questions

What is the current guideline value of Singaravelan Avenue?

The current guideline value of Singaravelan Avenue 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, maintaining the same value in 2024.

What are the stamp duty and registration fees for property in Singaravelan Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,26,000. The stamp duty at 7% is Rs 43,820, and the registration fee at 2% is Rs 12,520, totaling Rs 56,340 for stamp duty and registration fees.

Which office handles the registration for Singaravelan Avenue?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Singaravelan Avenue, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Singaravelan Avenue?

Singaravelan Avenue is classified as Residential Class II Type - III, indicating its suitability for residential development.