Guideline Value for KULLAPPAN STREET

Kullappan Street guideline value

The current guideline value of Kullappan Street is Rs 1,100 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 III Type - III.

How the guideline value of Kullappan Street has changed

The guideline value for Kullappan Street has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a 67% increase. However, the value saw a significant decline of 33% to Rs 670 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 1,000 per sq.ft, which then increased by 10% to the current value of Rs 1,100 per sq.ft in 2024.

There are no figures available for Kullappan Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 83%.

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 guideline value is Rs 1,650 per sq.ft, placing Kullappan Street's 2024 value below this median.

• Kuppu Street: Rs 2,200 per sq.ft (2024)
• Kollachathiram Street: Rs 1,650 per sq.ft (2024)
• Lingappa Iyer Street (Or) Lingappan Street: Rs 1,980 per sq.ft (2024)
• Karpagapillaiyar Kovil Street: Rs 1,650 per sq.ft (2024)
• Maligai Street (Or) Maligai Chetti Street: Rs 1,100 per sq.ft (2024)
• Kanagasubbrayar Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kullappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kullappan Street?

Kullappan 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 critical factor in the registration process for property transactions in Kanchipuram Town. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with local regulations.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, based on the established guideline value per sq.ft.

Frequently asked questions

What is the current guideline value of Kullappan Street?

The current guideline value of Kullappan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 83% over the years.

What is the land classification for Kullappan Street?

Kullappan Street is classified as Residential Class III Type - III, indicating its designation for residential use.

What are the stamp duty rates for property in Kullappan Street?

The stamp duty for property in Kullappan Street is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Kullappan Street located?

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