Guideline Value for SARVATHEERTHAM MELKARAI STREET

Sarvatheertham Melkarai Street guideline value

The current guideline value of Sarvatheertham Melkarai Street is Rs 1,210 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 III Type - II.

How the guideline value of Sarvatheertham Melkarai Street has changed

The guideline value for Sarvatheertham Melkarai Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,210 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 1,100 per sq.ft. Prior to that, in 2017, the value was Rs 737 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 1,100 per sq.ft, which represented a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 for these streets is Rs 1,650 per sq.ft, placing Sarvatheertham Melkarai Street's 2024 figure below that median.

• 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)
• Sangeetha Vithvan Nainapillai Street (Or)puthheri Street: Rs 2,750 per sq.ft (2024)
• Sengaluneerodai Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sarvatheertham Melkarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sarvatheertham Melkarai Street?

The Sub Registrar Office that covers Sarvatheertham Melkarai 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 when registering property in Kanchipuram Town. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sarvatheertham Melkarai Street?

The current guideline value of Sarvatheertham Melkarai Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most significant increase occurring from 2017 to 2023, where it rose by 49%. The value increased by 10% from 2023 to 2024.

What is the land classification for Sarvatheertham Melkarai Street?

Sarvatheertham Melkarai Street is classified as Residential Class III Type - II, indicating its suitability for residential purposes.

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

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

How is stamp duty calculated for properties in Kanchipuram Town?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 at a rate of 7%.