Guideline Value for OKKAPIRANTHAN KULAM PUDHU STREET

Okkapiranthan Kulam Pudhu Street guideline value

The current guideline value of Okkapiranthan Kulam Pudhu Street is Rs 1,320 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 II Type - I.

How the guideline value of Okkapiranthan Kulam Pudhu Street has changed

Over the years, the guideline value of Okkapiranthan Kulam Pudhu Street has undergone several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 200% rise. However, this figure decreased by 33% to Rs 804 per sq.ft in 2017. The value then saw a substantial increase of 49% to reach Rs 1,200 per sq.ft in 2023, before finally rising by 10% to the current value of Rs 1,320 per sq.ft in 2024.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 guideline value, there has been a total increase of 230%.

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 value is Rs 1,320 per sq.ft, which is equal to the current guideline value of Okkapiranthan Kulam Pudhu Street.

• Okkapiranthan Kulam Street: Rs 1,320 per sq.ft (2024)
• Nellukkara Street: Rs 5,500 per sq.ft (2024)
• Pallavar Medu: Rs 1,320 per sq.ft (2024)
• Pillaiyar Palayam Nadu Street: Rs 1,320 per sq.ft (2024)
• Mathanam Palayam Street: Rs 880 per sq.ft (2024)
• Pudupalaya Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Okkapiranthan Kulam Pudhu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Okkapiranthan Kulam Pudhu Street?

The Okkapiranthan Kulam Pudhu Street falls under 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 a crucial factor in the registration process when buying or selling property in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. Buyers and sellers should 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 Okkapiranthan Kulam Pudhu Street?

The current guideline value of Okkapiranthan Kulam Pudhu Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the registration office for Okkapiranthan Kulam Pudhu Street?

The registration office for Okkapiranthan Kulam Pudhu Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for properties in Okkapiranthan Kulam Pudhu Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.

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

Other streets in KANCHIPURAM TOWN 3rd DIVISION include Okkapiranthan Kulam Street, Nellukkara Street, Pallavar Medu, Pillaiyar Palayam Nadu Street, Mathanam Palayam Street, and Pudupalaya Street, with varying guideline values.