Guideline Value for OKKAPIRANTHAN KULAM STREET

Okkapiranthan Kulam Street guideline value

The current guideline value of Okkapiranthan Kulam 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, and it falls under Residential Class II Type - I land classification.

How the guideline value of Okkapiranthan Kulam Street has changed

Over the years, the guideline value of Okkapiranthan Kulam Street has experienced significant changes. Starting from the 2007 revision, the value was Rs 350 per sq.ft. It increased substantially to Rs 1,200 per sq.ft in 2012, marking a rise of 243%. However, it saw a decline to Rs 804 per sq.ft in 2017, which was a decrease of 33%. The value then rose sharply to Rs 1,200 per sq.ft in 2023, and subsequently, it increased to the current rate of Rs 1,320 per sq.ft in 2024, reflecting a 10% increase.

The overall change from 2007 to 2024 is a remarkable increase of 277%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

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

• Okkapiranthan Kulam Pudhu 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Okkapiranthan Kulam Street?

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

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the transaction.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Okkapiranthan Kulam Street?

The current guideline value of Okkapiranthan Kulam 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 350 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, representing an overall increase of 277% over the years.

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

For a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers this area?

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

What is the land classification of Okkapiranthan Kulam Street?

Okkapiranthan Kulam Street falls under Residential Class II Type - I land classification.