Guideline Value for SNEHAM AVENUE

Sneham Avenue guideline value

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

How the guideline value of Sneham Avenue has changed

The guideline value for Sneham Avenue has seen several revisions over the years. In 2012, the value was Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 626 per sq.ft, which remained unchanged in the 2024 revision.

Notably, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has remained constant from 2012 to 2024, at Rs 626 per sq.ft.

Guideline values in Kakkalur

Kakkalur village features a range of guideline values across its 133 streets under the Tiruvallur Joint 1 SRO, with 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 value of Sneham Avenue.

• Sree Balaji Garden: Rs 626 per sq.ft (2024)
• Sree Lakshmi Nagar: Rs 626 per sq.ft (2024)
• Sree Maha Lakshmi Nagar: Rs 626 per sq.ft (2024)
• Sree Priya Nagar: Rs 626 per sq.ft (2024)
• Sree Sakthi Nagar: Rs 626 per sq.ft (2024)
• Sree Sastha Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Sneham Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value would amount 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 cost for these fees to Rs 56,340. It's 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 Sneham Avenue?

The Sub Registrar Office covering Sneham 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 information.

How the guideline value is used when you buy or sell in Kakkalur

The guideline value plays a crucial role in the registration process when buying or selling property in Kakkalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sneham Avenue?

The current guideline value of Sneham 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 varied over the years, with a notable 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 2023 and 2024.

What is the land classification for Sneham Avenue?

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

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

For a 1,000 sq.ft plot, the total guideline value is Rs 6,26,000. The stamp duty would be Rs 43,820, and the registration fee would be Rs 12,520, totaling Rs 56,340.

Which office handles the registration for properties in Sneham Avenue?

The registration for properties in Sneham Avenue is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.