Guideline Value for SREE PRIYA NAGAR

Sree Priya Nagar guideline value

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

How the guideline value of Sree Priya Nagar has changed

The guideline value for Sree Priya Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in 2017. Following this, the value increased significantly to Rs 626 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, the overall change has been +0%, indicating that the guideline value has stabilized at Rs 626 per sq.ft since 2023. The consistent value from 2023 to 2024 shows no change, maintaining the median guideline value for the village.

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 for the village is Rs 626 per sq.ft, which is the same as the current value for Sree Priya Nagar.

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

Stamp duty and registration fee for property in Sree Priya Nagar

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, while the registration fee at 2% would be Rs 12,520, bringing the total cost for these fees 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. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Priya Nagar?

The Sub Registrar Office that covers Sree Priya Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When a property is sold, the guideline value helps in establishing a fair price for taxation purposes. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sree Priya Nagar?

The current guideline value of Sree Priya Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sree Priya Nagar has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, and then increased to Rs 626 per sq.ft in both 2023 and 2024.

What is the median guideline value in Kakkalur?

The median guideline value in Kakkalur is Rs 626 per sq.ft, which is the same as the current guideline value for Sree Priya Nagar.

What are the stamp duty and registration fees for a property in Sree Priya Nagar?

The stamp duty for a property in Sree Priya Nagar is 7%, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 56,340.

Where is the Sub Registrar Office for Sree Priya Nagar located?

The Sub Registrar Office for Sree Priya Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.