Guideline Value for Stalin Street

Stalin Street guideline value

The current guideline value of Stalin Street in Periyakuppam village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Stalin Street has changed

The guideline value for Stalin Street has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a decline of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for Stalin Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current value of Stalin Street.

• Station View Avenue: Rs 879 per sq.ft (2024)
• Sri Vaishnavi Nagar: Rs 1,100 per sq.ft (2024)
• Sri Srinivasa Nagar & Ext: Rs 1,320 per sq.ft (2024)
• Sri Padmavathi Nagar & Annex-II: Rs 1,320 per sq.ft (2024)
• Swathi 1'st Street: Rs 550 per sq.ft (2024)
• Swathi 2'nd Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Stalin Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Stalin Street?

The Sub Registrar Office that covers Stalin 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 further assistance.

How the guideline value is used when you buy or sell in Periyakuppam

The guideline value is a crucial factor in property transactions in Periyakuppam. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for the area.

Frequently asked questions

What is the current guideline value of Stalin Street?

The current guideline value of Stalin Street is Rs 1,100 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 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification of Stalin Street?

Stalin Street is classified as Residential Class I Type - III under the Tiruvallur Joint 1 SRO.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Stalin Street?

The Tiruvallur Joint 1 Sub Registrar Office covers Stalin Street, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.