Guideline Value for SARVATHEERTHAM VADAKARAI STREET

Sarvatheertham Vadakarai Street guideline value

The current guideline value of Sarvatheertham Vadakarai Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village and falls under the Kanchipuram Joint I SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Sarvatheertham Vadakarai Street has changed

The guideline value for Sarvatheertham Vadakarai Street has seen several revisions over the years. In 2012, the value was set at Rs 1,100 per sq.ft. This figure remained unchanged until the 2017 revision when it dropped to Rs 737 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 1,100 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,210 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. This means that the changes in guideline value have only been documented from 2012 onwards.

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, which means that the current guideline value of Sarvatheertham Vadakarai Street is below this median.

• Sarvatheertham Thenkarai Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham 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 Vadakarai 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, and the registration fee at 2% would be Rs 24,200, bringing the total 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.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sarvatheertham Vadakarai Street?

The Sarvatheertham Vadakarai 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 details.

How the guideline value is used when you buy or sell in Kanchipuram Town

The guideline value is a crucial factor when registering property transactions in Kanchipuram Town. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sarvatheertham Vadakarai Street?

The current guideline value of Sarvatheertham Vadakarai 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 2023 to Rs 1,210 per sq.ft in 2024, marking a 10% increase. The value was Rs 737 per sq.ft in 2017, which reflects a 49% increase by 2023.

What is the land classification for Sarvatheertham Vadakarai Street?

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

What is the registration office for Sarvatheertham Vadakarai Street?

The registration office covering Sarvatheertham Vadakarai 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.

How is the stamp duty calculated for properties in Sarvatheertham Vadakarai Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 12,10,000, the stamp duty would be Rs 84,700 at 7%.