Guideline Value for Desichettypalayam Street

Desichettypalayam Street guideline value

The current guideline value for Desichettypalayam Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - II.

How the guideline value of Desichettypalayam Street has changed

The guideline value for Desichettypalayam Street has seen several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. The value increased to Rs 1,000 per sq.ft in 2023, and further rose to the current value of Rs 1,100 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Desichettypalayam Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in 2nd Division

In 2nd Division, there are 101 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value is Rs 1,650 per sq.ft, which means Desichettypalayam Street's 2024 figure is below that median.

• Darga Santhu: Rs 5,500 per sq.ft (2024)
• Daivasigamani Street: Rs 3,850 per sq.ft (2024)
• Dr Ambethkar Nagar: Rs 880 per sq.ft (2024)
• Chairman A.K.Thangavel Street: Rs 880 per sq.ft (2024)
• Bus Stand: Rs 5,500 per sq.ft (2024)
• Ennaikara Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Desichettypalayam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be 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, bringing the total fees to Rs 99,000. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers Desichettypalayam Street?

The Sub Registrar Office that covers Desichettypalayam Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, 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 2nd Division

The guideline value is a crucial aspect when registering property transactions in 2nd Division. It serves as a benchmark for determining the minimum value at which properties can be sold or transferred, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When you buy or sell property, the guideline value will be referenced to calculate the applicable stamp duty and registration fees, which are mandatory for legal documentation. This ensures transparency in property transactions and helps in maintaining a standard valuation across the region.

Frequently asked questions

What is the current guideline value for Desichettypalayam Street?

The current guideline value for Desichettypalayam 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 to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024.

What is the median guideline value for streets in 2nd Division?

The median guideline value for streets in 2nd Division is Rs 1,650 per sq.ft, which is higher than the current value of Desichettypalayam Street.

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

The stamp duty is charged 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 be Rs 99,000.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the link provided to find your SRO.