Guideline Value for SARVATHEERTHAM THENKARAI STREET

Sarvatheertham Thenkarai Street guideline value

The current guideline value of Sarvatheertham Thenkarai 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 Thenkarai Street has changed

The guideline value for Sarvatheertham Thenkarai Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then decreased to Rs 737 per sq.ft in the 2017 revision. The following 2023 revision increased the value back to Rs 1,100 per sq.ft, and the most recent 2024 revision has set it at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Kanchipuram Town

Kanchipuram Town features 85 streets under the Kanchipuram Joint I SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Sarvatheertham Thenkarai Street's 2024 value below this median.

• Sarvatheertham Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham Vadakarai Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham Melkarai 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 Thenkarai Street

For a property measuring 1,000 sq.ft 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, totaling Rs 1,08,900. It is essential 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 Thenkarai Street?

The Sarvatheertham Thenkarai 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. It serves as a reference point for determining the value of properties during registration, ensuring that the transactions are conducted transparently and in accordance with the law.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the property transaction process. This ensures that both buyers and sellers are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Sarvatheertham Thenkarai Street?

The current guideline value of Sarvatheertham Thenkarai 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 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the classification of Sarvatheertham Thenkarai Street?

Sarvatheertham Thenkarai Street is classified as Residential Class III Type - II.

Where can I find the Kanchipuram Joint I Sub Registrar Office?

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 the stamp duty calculated for properties in Sarvatheertham Thenkarai Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 12,10,000 would incur a stamp duty of Rs 84,700.