Guideline Value for KAILASANATHAR METTU STREET

Kailasanathar Mettu Street guideline value

The current guideline value of Kailasanathar Mettu Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class III Type - I.

How the guideline value of Kailasanathar Mettu Street has changed

The guideline value for Kailasanathar Mettu Street has undergone several revisions over the years. In 2003, the guideline value was Rs 163 per sq.ft. This increased to Rs 250 per sq.ft in 2007, marking a significant rise of 53%. The value then saw a substantial jump to Rs 800 per sq.ft in 2012, which was an increase of 220%. However, it dropped to Rs 536 per sq.ft in 2017, reflecting a decrease of 33%. The value rose again to Rs 800 per sq.ft in 2023, and most recently, it has increased to Rs 880 per sq.ft in the 2024 revision, which is a rise of 10%.

It is important to note that there is no figure available for Kailasanathar Mettu Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 440%.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this division is Rs 1,320 per sq.ft, placing Kailasanathar Mettu Street's current value below that median.

• Kajana Ramarayar Street: Rs 1,650 per sq.ft (2024)
• Kamarajar Street: Rs 5,500 per sq.ft (2024)
• Kanikandeeswarar Koil Street: Rs 1,650 per sq.ft (2024)
• Kanni Koil Stret: Rs 1,100 per sq.ft (2024)
• Karukkinil Ammarnthaval Koil Street: Rs 1,650 per sq.ft (2024)
• Katchabeswarar Merkku Mada Veethi: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kailasanathar Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. 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 detailed calculations.

Which Sub Registrar Office covers Kailasanathar Mettu Street?

The Kanchipuram Joint II Sub Registrar Office covers Kailasanathar Mettu Street. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor in the registration process of property transactions in KANCHIPURAM TOWN 3rd DIVISION. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kailasanathar Mettu Street?

The current guideline value of Kailasanathar Mettu Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 163 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 440% over this period.

What is the median guideline value in KANCHIPURAM TOWN 3rd DIVISION?

The median guideline value in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, which is higher than the current value of Kailasanathar Mettu Street.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value, while the registration fee is 2%. These rates apply to the higher of the guideline value or the sale price.

Where can I find the Kanchipuram Joint II Sub Registrar Office?

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