Guideline Value for SRI KANAGAVALLI THAYAR AVENUE

Sri Kanagavalli Thayar Avenue guideline value

The current guideline value for Sri Kanagavalli Thayar Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pungathur village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Kanagavalli Thayar Avenue has changed

The guideline value for Sri Kanagavalli Thayar Avenue has undergone several revisions over the years. The earliest recorded revision is from 2017, with a value of Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. There are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Pungathur

In Pungathur, there are 32 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,500 per sq.ft. The median value among these streets is Rs 1,485 per sq.ft, placing Sri Kanagavalli Thayar Avenue's current figure above that median.

• Sree Kanakavalli Thayar Nagar: Rs 550 per sq.ft (2024)
• Sri Vari Nagar: Rs 1,650 per sq.ft (2024)
• Terapanth Nagar: Rs 1,650 per sq.ft (2024)
• Thendadaivada veedhi: Rs 770 per sq.ft (2024)
• Sakthi Nagar: Rs 770 per sq.ft (2024)
• R.P Gardan: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kanagavalli Thayar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Kanagavalli Thayar Avenue?

The Sri Kanagavalli Thayar Avenue 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 Pungathur

When buying or selling property in Pungathur, the guideline value is a crucial factor in determining the registration fees and stamp duty. The guideline value serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives appropriate taxes on property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the financial obligations during the registration process. Understanding these values can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Sri Kanagavalli Thayar Avenue?

The current guideline value of Sri Kanagavalli Thayar Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and then to Rs 1,650 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Sri Kanagavalli Thayar Avenue?

Sri Kanagavalli Thayar Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for this area?

The registration office covering Sri Kanagavalli Thayar Avenue is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

How do stamp duty and registration fees work for properties in Pungathur?

Stamp duty and registration fees are calculated based on the guideline value of the property or the sale price, whichever is higher. For example, a property with a guideline value of Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000.