Guideline Value for MATHANAM PALAYAM STREET

Mathanam Palayam Street guideline value

The current guideline value of Mathanam 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 and is classified as Residential Class III Type - I.

How the guideline value of Mathanam Palayam Street has changed

The guideline value of Mathanam Palayam Street has seen several revisions over the years. In 2003, the value was Rs 232 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a 51% rise. The value then jumped significantly to Rs 800 per sq.ft in 2012, a substantial increase of 129%. However, it decreased to Rs 536 per sq.ft in 2017, reflecting a decrease of 33%. The value rose again to Rs 800 per sq.ft in 2023, followed by a further increase to Rs 880 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figure for this street for the year 2002.

Overall, from 2003 to 2024, the guideline value has increased by 279%. The most notable change occurred between 2017 and 2023, where the value surged by 49% from Rs 536 per sq.ft to Rs 800 per sq.ft.

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, with a median value of Rs 1,320 per sq.ft. Mathanam Palayam Street's 2024 figure is below this median.

• Mandu Kanneswarar Koil Street: Rs 1,320 per sq.ft (2024)
• Mandaba Street: Rs 1,650 per sq.ft (2024)
• Madam Street: Rs 2,200 per sq.ft (2024)
• Lingappan Palayam Street: Rs 880 per sq.ft (2024)
• Nellukkara Street: Rs 5,500 per sq.ft (2024)
• Krishnan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Mathanam Palayam Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the 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, totaling Rs 79,200. 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 Mathanam Palayam Street?

The Sub Registrar Office that covers Mathanam 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 information.

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

The guideline value is an important factor during property registration in KANCHIPURAM TOWN 3rd DIVISION. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory for legal property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the local authorities. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Mathanam Palayam Street?

The current guideline value of Mathanam 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 232 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, showing an overall increase of 279% over this period.

What are the other streets in KANCHIPURAM TOWN 3rd DIVISION?

Other streets in KANCHIPURAM TOWN 3rd DIVISION include Mandu Kanneswarar Koil Street at Rs 1,320 per sq.ft, Mandaba Street at Rs 1,650 per sq.ft, and Nellukkara Street at Rs 5,500 per sq.ft, among others.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 8,80,000, the total fees would be Rs 79,200.

Which office handles the registration for Mathanam Palayam Street?

The Kanchipuram Joint II Sub Registrar Office handles the registration for Mathanam Palayam Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.