Guideline Value for Kancheepuram Pachiyappa Street

Kancheepuram Pachiyappa Street guideline value

The current guideline value of Kancheepuram Pachiyappa Street is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class I Type - III.

How the guideline value of Kancheepuram Pachiyappa Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 1,000 per sq.ft, which increased dramatically to Rs 7,600 per sq.ft in 2012. However, this figure dropped to Rs 5,092 per sq.ft in 2017. The 2023 revision saw the value increase to Rs 7,600 per sq.ft, and the latest revision in 2024 has set it at Rs 8,300 per sq.ft. The changes between revisions are as follows: from 2007 to 2012, there was a +660% increase, followed by a -33% decrease from 2012 to 2017, and a +49% increase from 2017 to 2023. The most recent revision from 2023 to 2024 reflects a +9% increase.

The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 7,100 per sq.ft, placing Kancheepuram Pachiyappa Street's 2024 figure above this median.

• Kancheepuram Pachiyappan 3rd lane: Rs 4,400 per sq.ft (2024)
• Kancheepuram Pachiyappan 2nd lane: Rs 4,400 per sq.ft (2024)
• Kancheepuram Pachiyappan 1st lane: Rs 4,400 per sq.ft (2024)
• Kandan Street: Rs 7,100 per sq.ft (2024)
• Kanda Pillai street: Rs 7,100 per sq.ft (2024)
• Kareem MohideenSahib 1st lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kancheepuram Pachiyappa Street

For a 1,000 sq.ft plot at the current rate of Rs 8,300 per sq.ft, the guideline value amounts to Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, totaling Rs 7,47,000. It is important to note that 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 Pachiyappa Street?

The Kancheepuram Pachiyappa Street falls under the Periamet Sub Registrar Office located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Egmore, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline values, as these figures can affect the overall cost of property transactions. The guideline value serves as a benchmark for both parties to ensure that the property is sold at a fair price according to the local regulations.

Frequently asked questions

What is the current guideline value of Kancheepuram Pachiyappa Street?

The current guideline value of Kancheepuram Pachiyappa Street is Rs 8,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, from Rs 1,000 per sq.ft in 2007 to Rs 8,300 per sq.ft in 2024. The most notable increase was a +660% rise from 2007 to 2012, followed by various fluctuations in subsequent years.

What is the median guideline value in Egmore?

The median guideline value in Egmore is Rs 7,100 per sq.ft, which is based on the 2024 figures of 465 streets under the Periamet SRO.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 83,00,000, the stamp duty would be Rs 5,81,000 and the registration fee would be Rs 1,66,000, totaling Rs 7,47,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Kancheepuram Pachiyappa Street?

The Periamet Sub Registrar Office handles the registration for Kancheepuram Pachiyappa Street, located at 1103, Poonamallee High Road, Chennai-600 003.