Guideline Value for KANCHEEPURAM 1 ST STREET

Kancheepuram 1 St Street guideline value

The current guideline value of Kancheepuram 1 St Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village under the Pallipattu SRO, classified as Residential Special Type - III.

How the guideline value of Kancheepuram 1 St Street has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This figure increased significantly to Rs 300 per sq.ft in the 2023 revision, marking a change of +49%. The 2024 revision maintained this value at Rs 300 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Kancheepuram 1 St Street. Overall, from 2017 to 2024, the guideline value has increased by +49%.

Guideline values in Podaturpet

In Podaturpet village, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 250 per sq.ft. Kancheepuram 1 St Street's 2024 figure of Rs 300 per sq.ft is above this median.

• Kancheepuram 2 Nd Street: Rs 300 per sq.ft (2024)
• Kancheepuram 3rd Street: Rs 300 per sq.ft (2024)
• Kanchi Puram Street: Rs 300 per sq.ft (2024)
• Kakkan Street: Rs 126 per sq.ft (2024)
• Kezhku Merku Street: Rs 200 per sq.ft (2024)
• Krishna Nandhar Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kancheepuram 1 St Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Kancheepuram 1 St Street?

Kancheepuram 1 St Street falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Podaturpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for all transactions. It is essential to refer to the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kancheepuram 1 St Street?

The current guideline value of Kancheepuram 1 St Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and 2024, reflecting a total increase of +49% from 2017 to 2024.

What are the other streets in Podaturpet with similar guideline values?

Other streets in Podaturpet with a guideline value of Rs 300 per sq.ft include Kancheepuram 2 Nd Street, Kancheepuram 3rd Street, and Kanchi Puram Street.

Where is the Pallipattu Sub Registrar Office located?

The Pallipattu Sub Registrar Office is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How is stamp duty calculated for properties in Kancheepuram 1 St Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%.