Guideline Value for Sakthi Koil Street

Sakthi Koil Street guideline value

The current guideline value of Sakthi Koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Sakthi Koil Street has changed

In the 2007 revision, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 804 per sq.ft in the 2017 revision, representing a 33% drop. The value saw a substantial increase of 49% to reach Rs 1,200 per sq.ft in 2023, before rising again to Rs 1,320 per sq.ft in the 2024 revision, which is a 10% increase.

The register has no figure for Sakthi Koil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, making Sakthi Koil Street's 2024 figure above that median.

• Sakthi Koil Cross Street: Rs 1,320 per sq.ft (2024)
• Sangeeth Garden: Rs 1,100 per sq.ft (2024)
• Sannathin Street: Rs 2,750 per sq.ft (2024)
• Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Seerisabaratinam Street: Rs 1,100 per sq.ft (2024)
• Sembaruthi Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that 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 Sakthi Koil Street?

The Sub Registrar Office that covers Sakthi Koil 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 Thiruvallur

The guideline value is a crucial factor in property transactions in Thiruvallur, 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 registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sakthi Koil Street?

The current guideline value of Sakthi Koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 200 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, which is an overall increase of 560%.

What are the stamp duty and registration fees for properties on Sakthi Koil Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Sakthi Koil Street?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Sakthi Koil Street, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Sakthi Koil Street?

Sakthi Koil Street is classified as Residential Class I Type - II, which indicates its suitability for residential development.