Guideline Value for CHETTIKULAM SILAR STREET

Chettikulam Silar Street guideline value

The current guideline value of Chettikulam Silar 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, and is classified as Residential Class III Type - I.

How the guideline value of Chettikulam Silar Street has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This value decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,200 per sq.ft. The most recent revision in 2024 saw the guideline value rise to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, 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 guideline value for these streets is Rs 1,650 per sq.ft, placing Chettikulam Silar Street's 2024 figure below that median.

• Chettikulam Dharmaraja Kovil Street (Or) Palla 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 Silar 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 at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. Please 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 details.

Which Sub Registrar Office covers Chettikulam Silar Street?

The Sub Registrar Office that covers Chettikulam Silar 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 information.

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, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chettikulam Silar Street?

The current guideline value of Chettikulam Silar 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 from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value in Kanchipuram Town?

The median guideline value for the 85 streets in Kanchipuram Town under the Kanchipuram Joint I SRO is Rs 1,650 per sq.ft.

What are the stamp duty rates for properties in Chettikulam Silar Street?

The stamp duty rate for properties in Chettikulam Silar Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Chettikulam Silar Street?

The Kanchipuram Joint I Sub Registrar Office handles property registrations for Chettikulam Silar Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502.