Guideline Value for SATHHAN KUTTAI STREET

Sathhan Kuttai Street guideline value

The current guideline value of Sathhan Kuttai Street is Rs 1,650 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 II Type - III.

How the guideline value of Sathhan Kuttai Street has changed

The guideline value for Sathhan Kuttai Street has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 1,650 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for Sathhan Kuttai Street for the years 2002, 2003, and 2007. 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, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which matches the current value of Sathhan Kuttai Street.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathhan Kuttai Street?

The Sub Registrar Office that covers Sathhan Kuttai 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 a crucial factor in the registration process when buying or selling property in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sathhan Kuttai Street?

The current guideline value of Sathhan Kuttai Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Sathhan Kuttai Street?

Sathhan Kuttai Street is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for Sathhan Kuttai Street?

The Sub Registrar Office for Sathhan Kuttai 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 Sathhan Kuttai Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.