Guideline Value for KATCHIYAPPAN STREET

Katchiyappan Street guideline value

The current guideline value of Katchiyappan Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Katchiyappan Street has changed

The guideline value for Katchiyappan Street has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 232 per sq.ft. This increased to Rs 250 per sq.ft in 2007, followed by a significant jump to Rs 2,000 per sq.ft in 2012. However, in 2017, the value decreased to Rs 1,340 per sq.ft. The guideline value then rose to Rs 2,000 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 848%. It is important to note that the register has no figure for Katchiyappan Street for the year 2002.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that have a guideline value for 2024, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, placing Katchiyappan Street's 2024 figure above this median.

• Katchabeswarar Therkku Melandai Mada Veethi: Rs 2,200 per sq.ft (2024)
• Katchabeswarar South Mada Veethi: Rs 2,200 per sq.ft (2024)
• Katchabeswarar Merkku Mada Veethi: Rs 2,200 per sq.ft (2024)
• Kavalan Street: Rs 2,200 per sq.ft (2024)
• Karukkinil Ammarnthaval Koil Street: Rs 1,650 per sq.ft (2024)
• Kanni Koil Stret: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Katchiyappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. 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 detailed calculations.

Which Sub Registrar Office covers Katchiyappan Street?

Katchiyappan Street falls under the jurisdiction of the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the minimum value at which property transactions must be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal requirements set forth by the registration authorities.

Frequently asked questions

What is the current guideline value of Katchiyappan Street?

The current guideline value of Katchiyappan Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 232 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 848% 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 means Katchiyappan Street's 2024 figure is above this median.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find my Sub Registrar Office?

The Kanchipuram Joint II Sub Registrar Office covers Katchiyappan Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501. You can find your SRO using the provided link.