Guideline Value for THALAM POO STREE

Thalam Poo Stree guideline value

The current guideline value of Thalam Poo Stree is Rs 626 per sq.ft, effective from 1 July 2024. This street is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of Thalam Poo Stree has changed

The guideline value for Thalam Poo Stree has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 625 per sq.ft by 2012. However, it then dropped to Rs 419 per sq.ft in 2017. The value rose again to Rs 626 per sq.ft in both 2023 and 2024, marking a 49% increase from 2017 to 2023 and no change from 2023 to 2024. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 526%. The 2024 figure of Rs 626 per sq.ft is equal to the median guideline value for Kakkalur, which ranges from Rs 400 to Rs 3,000 per sq.ft across 133 streets under the Tiruvallur Joint 1 SRO.

Guideline values in Kakkalur

Kakkalur has a range of guideline values, with the median being Rs 626 per sq.ft. Thalam Poo Stree's 2024 guideline value aligns with this median. Other streets in Kakkalur include:

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

Stamp duty and registration fee for property in Thalam Poo Stree

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, while the registration fee at 2% would be Rs 12,520, totaling Rs 56,340. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Thalam Poo Stree?

The Sub Registrar Office covering Thalam Poo Stree 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

When buying or selling property in Kakkalur, the guideline value plays a crucial role in determining the registration charges. The guideline value is used as a basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

It is essential for buyers and sellers to be aware of the current guideline values, as these figures can influence the overall cost of property transactions. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thalam Poo Stree?

The current guideline value of Thalam Poo Stree 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 fluctuations in between, including a drop to Rs 419 per sq.ft in 2017.

What is the registration office for Thalam Poo Stree?

The registration office for Thalam Poo Stree is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Thalam Poo Stree?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 6,26,000, the stamp duty would be Rs 43,820 at a rate of 7%.

What are the other streets with the same guideline value in Kakkalur?

Other streets in Kakkalur with the same guideline value of Rs 626 per sq.ft include Teachers Colony, Tamizharasi Avenue, Tamarai Street, Thendral Street, Suriyakanthi Street, and Thirumalai Nagar.