Guideline Value for LINGAPPAN PALAYAM STREET

Lingappan Palayam Street guideline value

The current guideline value of Lingappan Palayam Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class III Type - I.

How the guideline value of Lingappan Palayam Street has changed

The guideline value for Lingappan Palayam Street has seen several revisions over the years. Starting from Rs 185 per sq.ft in 2003, it increased to Rs 350 per sq.ft in 2007, marking an increase of 89%. The value then rose significantly to Rs 800 per sq.ft in 2012, reflecting a 129% increase. However, it decreased to Rs 536 per sq.ft in 2017, which was a decline of 33%. The value rose again to Rs 800 per sq.ft in 2023, before reaching the current rate of Rs 880 per sq.ft in 2024, which is a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 376%. The register has no figure for the year 2002 for this street.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

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

• Madam Street: Rs 2,200 per sq.ft (2024)
• Mandaba Street: Rs 1,650 per sq.ft (2024)
• Mandu Kanneswarar Koil Street: Rs 1,320 per sq.ft (2024)
• Krishnan Street: Rs 1,100 per sq.ft (2024)
• Mathanam Palayam Street: Rs 880 per sq.ft (2024)
• Kavalan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Lingappan Palayam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lingappan Palayam Street?

The Sub Registrar Office that covers Lingappan Palayam Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical figure used during the registration of property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When buying or selling property, the guideline value helps to determine the official value of the property for taxation purposes. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Lingappan Palayam Street?

The current guideline value of Lingappan Palayam Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 185 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 376% over this period.

What is the land classification for Lingappan Palayam Street?

Lingappan Palayam Street is classified as Residential Class III Type - I under the Kanchipuram Joint II SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where is the Sub Registrar Office for Lingappan Palayam Street located?

The Kanchipuram Joint II Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.