Guideline Value for TAMARAI STREET

Tamarai Street guideline value

The current guideline value of Tamarai Street in Kakkalur village, under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - III land classification.

How the guideline value of Tamarai Street has changed

The guideline value for Tamarai Street has seen several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 100 per sq.ft. This increased significantly to Rs 625 per sq.ft in 2012, followed by a decrease to Rs 419 per sq.ft in 2017. The value then rose to Rs 626 per sq.ft in both 2023 and 2024, showing no change between these two revisions. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, the value increased by 525%, but then it decreased by 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and overall, from 2007 to 2024, the guideline value has increased by 526%.

Guideline values in Kakkalur

Kakkalur village has a total of 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 for these streets is Rs 626 per sq.ft, which is equal to the current value of Tamarai Street.

• Tamizharasi Avenue: Rs 626 per sq.ft (2024)
• Teachers Colony: Rs 626 per sq.ft (2024)
• Suriyakanthi Street: 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 Tamarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value would be Rs 6,26,000. The stamp duty at 7% would amount to Rs 43,820, and the registration fee at 2% would be Rs 12,520, making the total charges Rs 56,340. 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 Tamarai Street?

The Sub Registrar Office that covers Tamarai 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 critical factor in the registration process when buying or selling property in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is compliant with local regulations. It is essential for buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Tamarai Street?

The current guideline value of Tamarai Street is Rs 626 per sq.ft, effective from 1 July 2024.

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, with various increases and decreases in between.

Which Sub Registrar Office covers Tamarai Street?

The Tiruvallur Joint 1 Sub Registrar Office covers Tamarai Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

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

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

What is the land classification of Tamarai Street?

Tamarai Street is classified as Residential Class II Type - III under the current guidelines.