Guideline Value for Hospital Road

Hospital Road guideline value

The current guideline value of Hospital Road in 2nd Division village, under the Kanchipuram Joint IV SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Hospital Road has changed

In the 2007 revision, the guideline value was Rs 900 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a rise of 233%. However, the value decreased to Rs 2,010 per sq.ft in the 2017 revision, a drop of 33%. The 2023 revision saw an increase to Rs 3,000 per sq.ft, and the latest revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the guideline value rose by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in 2nd Division

In 2nd Division, there are 101 streets under the Kanchipuram Joint IV SRO with 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, placing Hospital Road's 2024 figure above this median.

• Irumbu Santhu: Rs 5,500 per sq.ft (2024)
• Itharpattarai Street: Rs 1,100 per sq.ft (2024)
• Ithar Street: Rs 1,100 per sq.ft (2024)
• Javulikadai Sathiram (Gandhi Road): Rs 11,000 per sq.ft (2024)
• Jeeyar Narayanapalayam Street: Rs 1,100 per sq.ft (2024)
• Kalvai karai Veeth (Bavaji Street): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Hospital Road

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hospital Road?

The Kanchipuram Joint IV Sub Registrar Office covers Hospital Road. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is an essential factor during property transactions in 2nd Division. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately by the authorities.

When buying or selling property, the guideline value influences the stamp duty and registration fees applicable. Buyers should be aware that these charges are based on the guideline value or the sale price, whichever is higher, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Hospital Road?

The current guideline value of Hospital Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the land classification for Hospital Road?

Hospital Road is classified as Residential Special Type - II under the Kanchipuram Joint IV SRO.

Where is the Kanchipuram Joint IV Sub Registrar Office located?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.