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Guideline Value

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Guideline Value for SREE VEERA RAGAVA SWAMY NAGAR

₹626/sq.ft.

The guideline value for Sree Veera Ragava Swamy Nagar in Kakkalur village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 626 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kakkalur

Village

Tiruvallur Joint 1

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹626 /sq.ft.
From 1-4-2023 ₹626 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹419 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹625 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sree Veera Ragava Swamy Nagar

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Sree Veera Ragava Swamy Nagar guideline value

The current guideline value of Sree Veera Ragava Swamy Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This locality is situated in Kakkalur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Sree Veera Ragava Swamy Nagar has changed

The guideline value for Sree Veera Ragava Swamy Nagar has seen several revisions over the years. In 2012, the value was Rs 625 per sq.ft, which decreased to Rs 419 per sq.ft in 2017, marking a decline of 33%. However, the value rebounded significantly to Rs 626 per sq.ft in both 2023 and 2024, representing a 49% increase from the 2017 figure. It is noteworthy that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in guideline value is 0%, as the value remained at Rs 626 per sq.ft in the latest revisions. The consistency in the 2023 and 2024 figures indicates stability in the guideline value for this locality.

Guideline values in Kakkalur

In Kakkalur, there are 133 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 626 per sq.ft, which is equal to the current guideline value of Sree Veera Ragava Swamy Nagar.

Stamp duty and registration fee for property in Sree Veera Ragava Swamy Nagar

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, resulting in a combined total of Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sree Veera Ragava Swamy Nagar?

The Sree Veera Ragava Swamy Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value serves as a benchmark for the transaction. The authorities will assess the transaction based on either the guideline value or the sale price, whichever is higher, to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Sree Veera Ragava Swamy Nagar?

The current guideline value of Sree Veera Ragava Swamy 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, and then back to Rs 626 per sq.ft in both 2023 and 2024.

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

Other streets in Kakkalur with a guideline value of Rs 626 per sq.ft include Sree Vasan Nagar, Sree Srinivasa Nagar, Sree Sastha Nagar, Sree Sakthi Nagar, Sree Priya Nagar, and Sree Maha Lakshmi Nagar.

Where can I find the registration office for Sree Veera Ragava Swamy Nagar?

The registration office covering Sree Veera Ragava Swamy Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Kakkalur?

Stamp duty for properties in Kakkalur is calculated based on the higher of the guideline value or the sale price. The current stamp duty rate is 7%, and the registration fee is 2% of the guideline value.