Guideline Value for SREE SASTHA NAGAR

Sree Sastha Nagar guideline value

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

How the guideline value of Sree Sastha Nagar has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft. This figure saw a decrease of 33% to Rs 419 per sq.ft in the 2017 revision. Following this, the value increased significantly by 49% to Rs 626 per sq.ft in the 2023 revision. The 2024 revision maintains this value at Rs 626 per sq.ft, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, there is no change in the guideline value, remaining at Rs 626 per sq.ft.

Guideline values in Kakkalur

In Kakkalur, there are 133 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with the median value being Rs 626 per sq.ft. The guideline value of Sree Sastha Nagar is equal to this median.

• Sree Sakthi Nagar: Rs 626 per sq.ft (2024)
• Sree Srinivasa Nagar: Rs 626 per sq.ft (2024)
• Sree Priya Nagar: Rs 626 per sq.ft (2024)
• Sree Maha Lakshmi Nagar: Rs 626 per sq.ft (2024)
• Sree Vasan Nagar: Rs 626 per sq.ft (2024)
• Sree Lakshmi Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Sastha Nagar

For a 1,000 sq.ft plot at the current rate of Rs 626 per sq.ft, the 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 to Rs 56,340. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sree Sastha Nagar?

The Sub Registrar Office that covers Sree Sastha 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 a crucial factor in property transactions in Kakkalur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

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

Frequently asked questions

What is the current guideline value of Sree Sastha Nagar?

The current guideline value of Sree Sastha 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 remains the same in 2024.

What is the land classification of Sree Sastha Nagar?

Sree Sastha Nagar is classified as Residential Class II Type - III under the guideline value register.

Where can I find the SRO for Sree Sastha Nagar?

The Sub Registrar Office for Sree Sastha 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 Sree Sastha Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 626 per sq.ft incurs a total stamp duty and registration fee of Rs 56,340.