Guideline Value for SARVATHEERTHAM STREET

Sarvatheertham Street guideline value

The current guideline value of Sarvatheertham 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 Street has changed

The guideline value for Sarvatheertham Street has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which saw a significant increase to Rs 1,100 per sq.ft in 2012, marking a rise of 340%. However, this value dropped to Rs 737 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 1,100 per sq.ft in 2023, and further rose by 10% to the current value of Rs 1,210 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for Sarvatheertham Street. The overall change from 2007 to 2024 reflects an increase of 384% in the guideline value per sq.ft.

Guideline values in Kanchipuram Town

Kanchipuram Town consists of 85 streets under the Kanchipuram Joint I SRO, with 2024 guideline values 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 Street's 2024 figure below that median.

• Sarvatheertham Melkarai 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees to Rs 1,08,900. 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 Sarvatheertham Street?

The Sarvatheertham Street falls under 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 a crucial factor in property transactions in Kanchipuram Town, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees that are payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Sarvatheertham Street?

The current guideline value of Sarvatheertham 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 changed from Rs 250 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of 384% over the years.

What is the median guideline value in Kanchipuram Town?

The median guideline value for streets in Kanchipuram Town is Rs 1,650 per sq.ft, which is higher than the current value of Sarvatheertham Street.

What are the stamp duty and registration fees for properties in Sarvatheertham Street?

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700, and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Where is the Sub Registrar Office for Sarvatheertham Street 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.