Guideline Value for CHETTIKULAM DHARMARAJA KOVIL STREET (OR) PALLA STREET

Chettikulam Dharmaraja Kovil Street (Or) Palla Street guideline value

The current guideline value of Chettikulam Dharmaraja Kovil Street (Or) Palla Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village under the Kanchipuram Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Chettikulam Dharmaraja Kovil Street (Or) Palla Street has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 804 per sq.ft. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision has raised the guideline value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

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 value is Rs 1,650 per sq.ft, making the guideline value of Chettikulam Dharmaraja Kovil Street (Or) Palla Street below that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty, charged at 7%, would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chettikulam Dharmaraja Kovil Street (Or) Palla Street?

The Sub Registrar Office that covers Chettikulam Dharmaraja Kovil Street (Or) Palla Street is the Kanchipuram Joint I Sub Registrar Office. The address is No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chettikulam Dharmaraja Kovil Street (Or) Palla Street?

The current guideline value of Chettikulam Dharmaraja Kovil Street (Or) Palla Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2012 to Rs 1,320 per sq.ft in 2024, with a notable increase of 10% from 2023 to 2024.

What is the land classification for this street?

Chettikulam Dharmaraja Kovil Street (Or) Palla Street is classified as Residential Class III Type - I.

What is the registration office for this area?

The registration office that covers this area is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

How is stamp duty calculated for properties in this street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at a rate of 7%.