Guideline Value for SURIYAKANTHI STREET

Suriyakanthi Street guideline value

The current guideline value of Suriyakanthi Street is Rs 626 per sq.ft. This street is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of Suriyakanthi Street has changed

In the 2007 revision, the guideline value was Rs 100 per sq.ft. This figure increased significantly to Rs 625 per sq.ft in the 2012 revision, marking a change of +525%. However, in the 2017 revision, it decreased to Rs 419 per sq.ft, reflecting a decline of -33%. The value then rose to Rs 626 per sq.ft in both the 2023 and 2024 revisions, resulting in a +49% increase from 2017 to 2023. It is important to note that the register has no figure for Suriyakanthi Street for the years 2002 and 2003.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +526%. The consistent value of Rs 626 per sq.ft in the most recent revisions indicates stability in the guideline value for this street.

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. The median guideline value is Rs 626 per sq.ft, which is the same as that of Suriyakanthi Street.

• Tamarai Street: Rs 626 per sq.ft (2024)
• Tamizharasi Avenue: Rs 626 per sq.ft (2024)
• Teachers Colony: Rs 626 per sq.ft (2024)
• Thalam Poo Street: Rs 626 per sq.ft (2024)
• Subathira Nagar/ Annex: Rs 626 per sq.ft (2024)
• Thendral Street: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Suriyakanthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value is 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, bringing the total 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Suriyakanthi Street?

The Sub Registrar Office that covers Suriyakanthi Street 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 when registering property transactions in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. This helps to maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Suriyakanthi Street?

The current guideline value of Suriyakanthi Street is Rs 626 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, showing an overall increase of +526% over this period.

What is the land classification for Suriyakanthi Street?

Suriyakanthi Street is classified as Residential Class II Type - III under the local regulations.

What are the stamp duty and registration fees for property in Suriyakanthi Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 56,340.

Which office handles property registrations for Suriyakanthi Street?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Suriyakanthi Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.