Guideline Value for VALLUVAR CROSS STREET

Valluvar Cross Street guideline value

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

How the guideline value of Valluvar Cross Street has changed

Looking at the historical revisions, the guideline value for Valluvar Cross Street was Rs 625 per sq.ft in 2012. It decreased to Rs 419 per sq.ft in 2017, marking a drop of 33%. The value then increased significantly by 49% to Rs 626 per sq.ft in 2023, which remained unchanged in the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the most recent revisions show a consistent value of Rs 626 per sq.ft from 2023 to 2024, with an overall change from 2012 to 2024 being 0%.

Guideline values in Kakkalur

Kakkalur village has a total of 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 is Rs 626 per sq.ft, which is equal to the guideline value of Valluvar Cross Street.

• Veera Anjaneya Puram / Nagar: Rs 626 per sq.ft (2024)
• Veera Ragava Nagar: Rs 626 per sq.ft (2024)
• Vel Murugan Nagar: Rs 626 per sq.ft (2024)
• Vengopal Street: Rs 626 per sq.ft (2024)
• Tiruvalluvar New Town Lay Out: Rs 626 per sq.ft (2024)
• Tiruvallur - Avadi Main Road: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvar Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, resulting in a total of 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 this stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Valluvar Cross Street?

The Sub Registrar Office that covers Valluvar Cross 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 here.

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

The guideline value is a crucial factor when registering property transactions in Kakkalur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value, as it affects the overall cost of the transaction. It is advisable to consult with local authorities or real estate professionals to understand how these values may impact your specific situation.

Frequently asked questions

What is the current guideline value of Valluvar Cross Street?

The current guideline value of Valluvar Cross 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 seen changes 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 is the classification of land on Valluvar Cross Street?

Valluvar Cross Street is classified as Residential Class II Type - III under the Tiruvallur Joint 1 SRO.

What are the stamp duty and registration fees for properties here?

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.

Where can I find the Sub Registrar Office for Valluvar Cross Street?

The Sub Registrar Office for Valluvar Cross Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.