Guideline Value for SANGEETHA VITHVAN NAINAPILLAI STREET (OR)PUTHHERI STREET

Sangeetha Vithvan Nainapillai Street (Or)puthheri Street guideline value

The current guideline value for Sangeetha Vithvan Nainapillai Street (Or)puthheri Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sangeetha Vithvan Nainapillai Street (Or)puthheri Street has changed

The guideline value for Sangeetha Vithvan Nainapillai Street (Or)puthheri Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 2,500 per sq.ft, which remained the same in the 2017 revision. However, in 2017, it decreased to Rs 1,675 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 2,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 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 have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Sangeetha Vithvan Nainapillai Street (Or)puthheri Street above this median.

• Salai Street: Rs 3,300 per sq.ft (2024)
• Sarvatheertham Melkarai Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham Thenkarai Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham Vadakarai Street: Rs 1,210 per sq.ft (2024)
• Sathhan Kuttai Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sangeetha Vithvan Nainapillai Street (Or)puthheri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sangeetha Vithvan Nainapillai Street (Or)puthheri Street?

The Sub Registrar Office that covers Sangeetha Vithvan Nainapillai Street (Or)puthheri 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 is an essential factor in property transactions in Kanchipuram Town, as it determines the minimum value at which properties can be registered. When a buyer and seller agree on a sale price, the registration office will charge stamp duty based on the higher value between the guideline value and the sale price.

This ensures that the government receives the appropriate revenue from property transactions and helps maintain transparency in the real estate market. Buyers should be aware of the guideline value to understand the potential costs involved in property registration.

Frequently asked questions

What is the current guideline value for Sangeetha Vithvan Nainapillai Street (Or)puthheri Street?

The current guideline value for Sangeetha Vithvan Nainapillai Street (Or)puthheri 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 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the median guideline value for streets in Kanchipuram Town?

The median guideline value for streets in Kanchipuram Town is Rs 1,650 per sq.ft, with Sangeetha Vithvan Nainapillai Street (Or)puthheri Street being above this median.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers this street?

The Kanchipuram Joint I Sub Registrar Office covers Sangeetha Vithvan Nainapillai Street (Or)puthheri Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Kanchipuram.