Guideline Value for ROAD STREET

Road Street guideline value

The current guideline value of Road Street in Kanchipuram Town village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Kanchipuram Joint I SRO and is classified as Residential Class III Type - III.

How the guideline value of Road Street has changed

The guideline value for Road Street has seen several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft. This figure remained the same until the 2017 revision, where it decreased to Rs 670 per sq.ft, marking a decline of 33%. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the latest revision in 2024 increased it further to Rs 1,100 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, placing Road Street's 2024 figure below this median.

• Rayan Kuttai Street: Rs 1,650 per sq.ft (2024)
• Rayan Kuttai Palla Street: Rs 1,650 per sq.ft (2024)
• Rayankuttai Mettu Street: Rs 1,870 per sq.ft (2024)
• Salai Street: Rs 3,300 per sq.ft (2024)
• Sangeetha Vithvan Nainapillai Street (Or)puthheri Street: Rs 2,750 per sq.ft (2024)
• Railway Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Road Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that 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 Road Street?

The Sub Registrar Office that covers Road Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, 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

The guideline value plays a crucial role during the registration of property transactions in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both buyers and sellers adhere to the prescribed rates set by the Registration Department.

When a property is bought or sold, the guideline value is considered to ensure transparency and compliance with legal requirements. Buyers should be aware that the stamp duty is calculated based on the higher value between the guideline and the sale price.

Frequently asked questions

What is the current guideline value of Road Street?

The current guideline value of Road Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Road Street?

Road Street is classified as Residential Class III Type - III according to the current guidelines.

Where is the Kanchipuram Joint I Sub Registrar Office located?

The Kanchipuram Joint I Sub Registrar Office is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

How is stamp duty calculated for properties in Road Street?

Stamp duty for properties in Road Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft would incur a total stamp duty and registration fee of Rs 99,000.