Guideline Value for THENDRAL STREET

Thendral Street guideline value

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

How the guideline value of Thendral Street has changed

Thendral Street has seen several revisions in its guideline value over the years. The earliest recorded figure was Rs 100 per sq.ft in 2007. This increased significantly to Rs 625 per sq.ft in 2012, marking a rise of 525%. However, the value then decreased to Rs 419 per sq.ft in 2017, which was a decline of 33%. The subsequent revision in 2023 maintained the guideline value at Rs 626 per sq.ft, and this figure remained unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Thus, from the initial figure in 2007 to the current value in 2024, there has been an overall increase of 526% in the guideline value of Thendral Street.

Guideline values in Kakkalur

In Kakkalur, there are 133 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is equal to the 2024 figure for Thendral Street.

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

Stamp duty and registration fee for property in Thendral 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, while the registration fee at 2% would be Rs 12,520, bringing the total cost for these fees to 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 also use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Thendral Street?

The Sub Registrar Office that covers Thendral 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 crucial factor when it comes to the registration of property transactions in Kakkalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair pricing of the property. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thendral Street?

The current guideline value of Thendral 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, showing an overall increase of 526% over the years.

What is the land classification of Thendral Street?

Thendral Street is classified as Residential Class II Type - III.

Where is the Sub Registrar Office for Thendral Street located?

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

What are the stamp duty and registration fees for a property on Thendral Street?

For a property valued at Rs 6,26,000, the stamp duty would be Rs 43,820 and the registration fee would be Rs 12,520, totaling Rs 56,340.