Guideline Value for KANCHI PURAM STREET

Kanchi Puram Street guideline value

The current guideline value of Kanchi Puram 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 Kanchi Puram Street has changed

The guideline value for Kanchi Puram Street has undergone several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased by 49% to Rs 300 per sq.ft in the 2023 revision. The 2024 revision has maintained this value at Rs 300 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. This consistent rise reflects the changes made in the valuation process, leading to the current guideline value.

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. Kanchi Puram Street's 2024 figure of Rs 300 per sq.ft is above this median.

• Kancheepuram 3rd Street: Rs 300 per sq.ft (2024)
• Kancheepuram 2 Nd Street: Rs 300 per sq.ft (2024)
• Kancheepuram 1 St 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 Kanchi Puram 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, bringing the total fees to Rs 27,000. It is important to 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 information.

Which Sub Registrar Office covers Kanchi Puram Street?

Kanchi Puram Street falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Podaturpet. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, reflecting the local market conditions. Buyers and sellers must consider this value to accurately calculate their costs associated with the property transfer.

Frequently asked questions

What is the current guideline value of Kanchi Puram Street?

The current guideline value of Kanchi Puram 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 both 2023 and 2024, reflecting a 49% increase over this period.

What is the median guideline value for streets in Podaturpet?

The median guideline value for streets in Podaturpet is Rs 250 per sq.ft, with Kanchi Puram Street's value being above this median at Rs 300 per sq.ft.

What are the stamp duty and registration fees for a property on Kanchi Puram Street?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Kanchi Puram Street located?

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