Guideline Value for PUDUPALAYA STREET

Pudupalaya Street guideline value

The current guideline value of Pudupalaya 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 the Residential Class II Type - I land classification.

How the guideline value of Pudupalaya Street has changed

The guideline value for Pudupalaya Street has seen several revisions over the years. In 2003, the guideline value was Rs 290 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a 21% rise. The value then surged significantly to Rs 1,200 per sq.ft in 2012, reflecting a 243% increase. However, it dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. The value rebounded to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,320 per sq.ft in 2024, representing a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 355%. It is important to note that there is no figure available for Pudupalaya Street in the 2002 revision.

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 Pudupalaya Street.

• Putheri Street (Or) Sangeetha Vithvan Neinapillai Street: Rs 2,750 per sq.ft (2024)
• Rajagopal Boopathi Street Narasaingarayan Street: Rs 2,200 per sq.ft (2024)
• Pillaiyar Palayam Nadu Street: Rs 1,320 per sq.ft (2024)
• Pallavar Medu: Rs 1,320 per sq.ft (2024)
• Okkapiranthan Kulam Street: Rs 1,320 per sq.ft (2024)
• Okkapiranthan Kulam Pudhu Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pudupalaya 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, totaling 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 use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pudupalaya Street?

The Sub Registrar Office that covers Pudupalaya 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 a crucial factor in the registration process when buying or selling property in KANCHIPURAM TOWN 3rd DIVISION. It determines the minimum value at which property transactions can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction price. If the sale price is lower than the guideline value, the duty is charged on the guideline value, ensuring that all transactions contribute fairly to the state's revenue.

Frequently asked questions

What is the current guideline value of Pudupalaya Street?

The current guideline value of Pudupalaya 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 290 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 355% over the years.

What is the median guideline value in KANCHIPURAM TOWN 3rd DIVISION?

The median guideline value in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, which is the same as the current guideline value for Pudupalaya Street.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the same value.

Where can I find more information about the Sub Registrar Office?

You can find more information about the Kanchipuram Joint II Sub Registrar Office, including its address, by visiting the relevant links provided.