Guideline Value for CHAIRMAN SAMBASIVAM STREET

Chairman Sambasivam Street guideline value

The current guideline value of Chairman Sambasivam Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village and falls under the Kanchipuram Joint I SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Chairman Sambasivam Street has changed

Over the years, the guideline value of Chairman Sambasivam Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft. This was then revised to Rs 670 per sq.ft in 2017, marking a decrease of 33%. However, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back up to Rs 1,000 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%, showcasing fluctuations in the property valuation over time.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which means that the current value of Chairman Sambasivam Street is below this median.

• Chappani Pillaiyar Kovil Street: Rs 2,200 per sq.ft (2024)
• Chemmbada Chinnapaiyan Street (Or) Angalamman Street: Rs 1,100 per sq.ft (2024)
• Chettikulam Dharmaraja Kovil Street (Or) Palla Street: Rs 1,320 per sq.ft (2024)
• Chettikulam Silar Street: Rs 1,320 per sq.ft (2024)
• Devarajapuram Govindhan Street: Rs 1,100 per sq.ft (2024)
• Devarajapuram Venugopalan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chairman Sambasivam Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chairman Sambasivam Street?

The Sub Registrar Office that covers Chairman Sambasivam Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kanchipuram Town. When buying or selling property, this value is used to determine the stamp duty and registration fees that need to be paid. It ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

During the registration process, the guideline value serves as a baseline for calculating the financial obligations of both the buyer and the seller. This helps maintain transparency and fairness in property dealings, as it reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Chairman Sambasivam Street?

The current guideline value of Chairman Sambasivam Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Chairman Sambasivam Street?

The land classification for Chairman Sambasivam Street is Residential Class III Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on this street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Which office handles registrations for Chairman Sambasivam Street?

The Kanchipuram Joint I Sub Registrar Office handles registrations for Chairman Sambasivam Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.