Guideline Value for VEERA ANJANEYA PURAM / NAGAR

Veera Anjaneya Puram / Nagar guideline value

The current guideline value for Veera Anjaneya Puram / Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Veera Anjaneya Puram / Nagar has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft. This figure saw a decrease to Rs 419 per sq.ft in the 2017 revision, marking a reduction of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%, bringing it back to Rs 626 per sq.ft. The 2023 revision maintained this value, and the 2024 revision also confirms the guideline value at Rs 626 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained effectively unchanged at Rs 626 per sq.ft.

Guideline values in Kakkalur

Kakkalur village features 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 guideline value for the village is Rs 626 per sq.ft, which aligns with the current value for Veera Anjaneya Puram / Nagar. Below are the guideline values for other streets in Kakkalur:

• 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)
• Valluvar Cross Street: Rs 626 per sq.ft (2024)
• Venkatswara Nagar: Rs 626 per sq.ft (2024)
• Vetri Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Veera Anjaneya Puram / Nagar

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, charged at 7%, would be 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 either the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Veera Anjaneya Puram / Nagar?

The Sub Registrar Office that covers Veera Anjaneya Puram / Nagar is 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 plays a crucial role in the registration process when buying or selling property in Kakkalur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guidelines ensure that the value is consistent and transparent, preventing discrepancies in property valuations. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for Veera Anjaneya Puram / Nagar?

The current guideline value for Veera Anjaneya Puram / Nagar 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 several changes, with a notable increase from Rs 419 per sq.ft in 2017 to Rs 626 per sq.ft in 2023 and 2024. The value was Rs 625 per sq.ft in 2012, and there are no figures for the years 2002, 2003, and 2007.

What is the land classification for Veera Anjaneya Puram / Nagar?

The land classification for Veera Anjaneya Puram / Nagar is Residential Class II Type - III. This classification indicates the type of development permissible in the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 56,340.

Where is the Sub Registrar Office located for this area?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. This office handles the registration of properties in Veera Anjaneya Puram / Nagar.