Guideline Value for SREE VASAN NAGAR

Sree Vasan Nagar guideline value

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

How the guideline value of Sree Vasan Nagar has changed

Over the years, the guideline value of Sree Vasan Nagar has seen several revisions. The 2012 revision recorded a value of Rs 625 per sq.ft, which decreased to Rs 419 per sq.ft in the 2017 revision, marking a drop 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.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 626 per sq.ft, indicating stability in this period.

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 the same as the current value for Sree Vasan Nagar.

• Sree Veera Ragava Swamy Nagar: Rs 626 per sq.ft (2024)
• Sree Srinivasa Nagar: Rs 626 per sq.ft (2024)
• Sree Sastha Nagar: Rs 626 per sq.ft (2024)
• Sree Sakthi 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)

Stamp duty and registration fee for property in Sree Vasan 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, and 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 and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Vasan Nagar?

Sree Vasan Nagar is covered by 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 of property transactions in Kakkalur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to assess the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sree Vasan Nagar?

The current guideline value of Sree Vasan 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 seen fluctuations, with a decrease from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, followed by an increase to Rs 626 per sq.ft in 2023, which remained the same in 2024.

What is the registration fee for property in Sree Vasan Nagar?

The registration fee is calculated based on the guideline value, which is currently Rs 626 per sq.ft. For example, on a 1,000 sq.ft plot, the registration fee would be Rs 12,520.

Which Sub Registrar Office covers Sree Vasan Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers Sree Vasan Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What are the other streets in Kakkalur with the same guideline value?

Several other streets in Kakkalur have the same guideline value of Rs 626 per sq.ft, including Sree Veera Ragava Swamy Nagar, Sree Srinivasa Nagar, Sree Sastha Nagar, Sree Sakthi Nagar, Sree Priya Nagar, and Sree Maha Lakshmi Nagar.