Guideline Value for PUTHERI STREET (OR) SANGEETHA VITHVAN NEINAPILLAI STREET

Putheri Street (Or) Sangeetha Vithvan Neinapillai Street guideline value

The current guideline value for Putheri Street (Or) Sangeetha Vithvan Neinapillai Street is Rs 2,750 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 I Type - I.

How the guideline value of Putheri Street (Or) Sangeetha Vithvan Neinapillai Street has changed

The guideline value for Putheri Street (Or) Sangeetha Vithvan Neinapillai Street has seen significant changes over the years. In 2003, the value was Rs 566 per sq.ft, which increased to Rs 614 per sq.ft in 2007. The 2012 revision set the value at Rs 2,500 per sq.ft, followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, culminating in the current value of Rs 2,750 per sq.ft in 2024. Notably, there is no figure available for this street in the 2002 revision.

From 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%. The most notable increase occurred from 2007 to 2012, where the value surged by 307%. Overall, the guideline value has increased by 386% from 2003 to 2024.

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. The guideline value for Putheri Street (Or) Sangeetha Vithvan Neinapillai Street is above this median.

• Pudupalaya Street: Rs 1,320 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 Putheri Street (Or) Sangeetha Vithvan Neinapillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Please note that 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 Putheri Street (Or) Sangeetha Vithvan Neinapillai Street?

The Sub Registrar Office that covers Putheri Street (Or) Sangeetha Vithvan Neinapillai 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 plays a crucial role in property transactions in KANCHIPURAM TOWN 3rd DIVISION. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. The guideline value is set by the government and is periodically revised based on various factors.

When a property is registered, the buyer must pay stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value.

Frequently asked questions

What is the current guideline value for Putheri Street (Or) Sangeetha Vithvan Neinapillai Street?

The current guideline value for Putheri Street (Or) Sangeetha Vithvan Neinapillai Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 566 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, showing a significant increase over the years, with various revisions impacting the value.

What is the land classification for this street?

Putheri Street (Or) Sangeetha Vithvan Neinapillai Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Putheri Street (Or) Sangeetha Vithvan Neinapillai Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at 7%.