Guideline Value for KANCHEEPURAM 3RD STREET

Kancheepuram 3rd Street guideline value

The current guideline value of Kancheepuram 3rd Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village, under the Pallipattu SRO, and is classified as Residential Special Type - III.

How the guideline value of Kancheepuram 3rd Street has changed

The guideline value for Kancheepuram 3rd Street has undergone several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 300 per sq.ft. The most recent 2024 revision maintains this value at Rs 300 per sq.ft, showing a significant increase of 49% from the 2017 figure.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The change from 2017 to 2023 was an increase of 49%, and overall, from 2017 to 2024, the increase is also 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. The median value among these streets is Rs 250 per sq.ft, placing Kancheepuram 3rd Street above this median.

• Kancheepuram 2 Nd Street: Rs 300 per sq.ft (2024)
• Kancheepuram 1 St 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total 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, leading to a total of Rs 27,000 for these charges. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kancheepuram 3rd Street?

The Kancheepuram 3rd Street falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. 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 element in the registration process of property transactions in Podaturpet. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are recorded accurately.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kancheepuram 3rd Street?

The current guideline value of Kancheepuram 3rd Street is Rs 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024. The value remained at Rs 300 per sq.ft from 2023 to 2024.

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

Other streets in Podaturpet include Kancheepuram 2 Nd Street, Kancheepuram 1 St Street, Kanchi Puram Street, Kakkan Street, Kezhku Merku Street, and Krishna Nandhar Street, with values ranging from Rs 126 to Rs 300 per sq.ft.

Where can I find the Sub Registrar Office for Kancheepuram 3rd Street?

The Sub Registrar Office covering Kancheepuram 3rd Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How is the stamp duty calculated for properties in Kancheepuram 3rd Street?

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