Guideline Value for Sakthi Koil Cross Street

Sakthi Koil Cross Street guideline value

The current guideline value of Sakthi Koil Cross 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, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Sakthi Koil Cross Street has changed

The guideline value for Sakthi Koil Cross Street has undergone several revisions over the years. In 2007, the 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 saw a decrease to Rs 804 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,320 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 560%, reflecting significant changes over the years.

Guideline values in Thiruvallur

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

• Sakthi Koil 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 Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total 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, together totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sakthi Koil Cross Street?

The Sakthi Koil Cross Street 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 Thiruvallur

The guideline value plays a crucial role in property transactions in Thiruvallur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the costs involved in the transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sakthi Koil Cross Street?

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting a total increase of 560% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the current guideline value of Rs 1,320 per sq.ft, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800 for a 1,000 sq.ft plot.

Which office handles registrations for Sakthi Koil Cross Street?

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

What is the median guideline value in Thiruvallur?

The median guideline value among the 172 streets in Thiruvallur is Rs 1,100 per sq.ft, with Sakthi Koil Cross Street's current value being above this median.