Guideline Value for TIRUVALLUVAR NEW TOWN LAY OUT

Tiruvalluvar New Town Lay Out guideline value

The current guideline value of Tiruvalluvar New Town Lay Out is Rs 626 per sq.ft, effective from 1 July 2024. This property 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 Tiruvalluvar New Town Lay Out has changed

The guideline value for Tiruvalluvar New Town Lay Out has seen several revisions over the years. In 2012, the value was Rs 625 per sq.ft, which slightly decreased to Rs 419 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 626 per sq.ft in 2023. The 2024 revision maintains this same value of Rs 626 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable, with no net change.

Guideline values in Kakkalur

Kakkalur village has 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 626 per sq.ft, which is equal to the current guideline value for Tiruvalluvar New Town Lay Out.

• Tiruvallur - Avadi Main Road: Rs 626 per sq.ft (2024)
• Thulasi Street: 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 Tiruvalluvar New Town Lay Out

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 fees together Rs 56,340. It is essential 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Tiruvalluvar New Town Lay Out?

The Tiruvalluvar New Town Lay Out falls under the jurisdiction of the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to consult the latest guideline values to ensure compliance with local regulations and to understand the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Tiruvalluvar New Town Lay Out?

The current guideline value of Tiruvalluvar New Town Lay Out 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 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in 2023 and remained the same in 2024.

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

Other streets in Kakkalur with the same guideline value of Rs 626 per sq.ft include Tiruvallur - Avadi Main Road, Thulasi Street, Valluvar Cross Street, Thirumalai Nagar, Thendral Street, and Veera Anjaneya Puram / Nagar.

What fees are associated with buying property in Tiruvalluvar New Town Lay Out?

When buying property, the fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Tiruvalluvar New Town Lay Out?

The Sub Registrar Office covering Tiruvalluvar New Town Lay Out is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.