Guideline Value for KOLLACHATHIRAM STREET

Kollachathiram Street guideline value

The current guideline value of Kollachathiram Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village and falls under the Kanchipuram Joint I SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Kollachathiram Street has changed

Over the years, the guideline value for Kollachathiram Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later revised to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 1,650 per sq.ft, a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Kollachathiram Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kanchipuram Town

Kanchipuram Town has a total of 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Kollachathiram Street.

• Karpagapillaiyar Kovil Street: Rs 1,650 per sq.ft (2024)
• Kullappan Street: Rs 1,100 per sq.ft (2024)
• Kuppu Street: Rs 2,200 per sq.ft (2024)
• Kanagasubbrayar Street: Rs 2,750 per sq.ft (2024)
• Kamatchiamman West Mada Street: Rs 1,650 per sq.ft (2024)
• Kamatchiamman South Mada Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kollachathiram Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost would be Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kollachathiram Street?

The Kollachathiram Street is covered by the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Kanchipuram Town. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and avoid any legal issues during the registration process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kollachathiram Street?

The current guideline value of Kollachathiram Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 10%. The value also saw a decrease to Rs 1,005 per sq.ft in 2017 before increasing again.

What is the registration office for Kollachathiram Street?

The registration office for Kollachathiram Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kollachathiram Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 1,15,500.

What are the other streets in Kanchipuram Town with similar guideline values?

Other streets in Kanchipuram Town include Karpagapillaiyar Kovil Street and Kamatchiamman West Mada Street, both at Rs 1,650 per sq.ft in 2024. There are also streets with varying values ranging from Rs 880 to Rs 5,500 per sq.ft.