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 Periyakuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sakthi Koil Street has changed

The guideline value for Sakthi Koil Street has seen 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 rise of 500%. However, it decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 1,200 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Periyakuppam

In Periyakuppam village, there are 105 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the 2024 guideline value for Sakthi Koil Street above this median.

• Sama Riyas Nagar: Rs 879 per sq.ft (2024)
• Santhom Nagar: Rs 879 per sq.ft (2024)
• Rathis Paradise: Rs 879 per sq.ft (2024)
• Sera Sabarathinam Street: Rs 1,100 per sq.ft (2024)
• Siddi Vinayagar Kovil Street: Rs 1,320 per sq.ft (2024)
• Rajaji Puram Part- I, II , III: Rs 1,650 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 would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Koil Street?

The Sakthi Koil 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 Periyakuppam

The guideline value is a crucial factor during the registration of property transactions in Periyakuppam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, as it reflects the government’s assessment of the property's worth in the area.

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 has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 560% over this period.

What is the median guideline value in Periyakuppam?

The median guideline value for streets in Periyakuppam is Rs 1,100 per sq.ft, with Sakthi Koil Street's 2024 value above this median.

What are the stamp duty and registration fees for property in 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.