Guideline Value for KANCHEEPURAM SALAI

Kancheepuram Salai guideline value

The current guideline value of Kancheepuram Salai is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Special Type - III.

How the guideline value of Kancheepuram Salai has changed

The guideline value for Kancheepuram Salai has undergone several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which saw a significant increase to Rs 1,500 per sq.ft in 2012, marking a change of +2400%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a change of -33%. The value then increased again to Rs 1,500 per sq.ft in 2023 and has remained the same in the 2024 revision, resulting in a change of +0% from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by +2400%. The changes between the revisions indicate fluctuations in the guideline value, with the most substantial increase occurring from 2007 to 2012.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value of Kancheepuram Salai is above this median.

• Kammala Street: Rs 750 per sq.ft (2024)
• Kannigapuram Second Cross Street: Rs 750 per sq.ft (2024)
• KAMARAJAR ST (Meenavar colony): Rs 750 per sq.ft (2024)
• Kaliyamman Kovil St: Rs 750 per sq.ft (2024)
• Karuppan Kovil Street: Rs 750 per sq.ft (2024)
• Kasukkara Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Kancheepuram Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. 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 Kancheepuram Salai?

The Sub Registrar Office that covers Kancheepuram Salai is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that transactions are conducted based on officially recognized values.

When a property is sold, the guideline value helps to establish a fair transaction price and is used to calculate the necessary fees. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kancheepuram Salai?

The current guideline value of Kancheepuram Salai is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023 and 2024.

What is the land classification of Kancheepuram Salai?

Kancheepuram Salai is classified as Residential Special Type - III.

What are the stamp duty and registration fees for property in Kancheepuram Salai?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would be Rs 1,35,000.

Which office handles the registration for Kancheepuram Salai?

The registration for Kancheepuram Salai is handled by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.