Guideline Value for THULASI STREET

Thulasi Street guideline value

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

How the guideline value of Thulasi Street has changed

The guideline value for Thulasi Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 625 per sq.ft in 2012. However, it dropped to Rs 419 per sq.ft in 2017. The most recent revisions show that the value remained at Rs 626 per sq.ft in both 2023 and 2024, indicating no change between these two years.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 213%, reflecting a substantial rise in the value of the property over the years.

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 value is Rs 626 per sq.ft, which is the same as the guideline value for Thulasi Street.

• Tiruvallur - Avadi Main Road: Rs 626 per sq.ft (2024)
• Tiruvalluvar New Town Lay Out: Rs 626 per sq.ft (2024)
• Valluvar Cross Street: Rs 626 per sq.ft (2024)
• Thirumalai Nagar: Rs 626 per sq.ft (2024)
• Thendral Street: Rs 626 per sq.ft (2024)
• Veera Anjaneya Puram / Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total fees to Rs 56,340. It is important to note that 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 Thulasi Street?

The Sub Registrar Office that covers Thulasi 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 for 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 receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property. This value is essential for calculating the applicable fees and ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Thulasi Street?

The current guideline value of Thulasi 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 200 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, showing an overall increase of 213% over the years.

What is the land classification for Thulasi Street?

Thulasi Street is classified as Residential Class II Type - III under the guideline value register.

Where can I find the Sub Registrar Office for Thulasi Street?

The Sub Registrar Office for Thulasi Street 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 Kakkalur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 626 per sq.ft, the total fees would amount to Rs 56,340.