Guideline Value for SELAI RAMASAMI STREET

Selai Ramasami Street guideline value

The current guideline value of Selai Ramasami Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Selai Ramasami Street has changed

The guideline value for Selai Ramasami Street has seen several revisions over the years. In the 2003 revision, the value was Rs 275 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2012 revision maintained the value at Rs 1,200 per sq.ft, but in 2017, it dropped to Rs 804 per sq.ft. The 2023 revision saw a significant increase to Rs 1,200 per sq.ft, followed by the current 2024 revision which raised it to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 27% from 2003 to 2007, then surged by 243% from 2007 to 2012. However, it decreased by 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023 and has overall increased by 380% from 2003 to 2024. The register has no figure for this street in 2002.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which is the same as the current value for Selai Ramasami Street.

• Sengundhar Nagar Part 2 Phase I: Rs 880 per sq.ft (2024)
• Shengunthar Nagar: Rs 880 per sq.ft (2024)
• Soleswaran Koil Street: Rs 880 per sq.ft (2024)
• Rajagopal Boopathi Street Narasaingarayan Street: Rs 2,200 per sq.ft (2024)
• Putheri Street (Or) Sangeetha Vithvan Neinapillai Street: Rs 2,750 per sq.ft (2024)
• Pudupalaya Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Selai Ramasami Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selai Ramasami Street?

The Sub Registrar Office that covers Selai Ramasami Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, 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 3rd DIVISION

The guideline value is a crucial factor in the registration process when buying or selling property in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Selai Ramasami Street?

The current guideline value of Selai Ramasami Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 275 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, showing an overall increase of 380% over the years.

What is the stamp duty rate for property in Selai Ramasami Street?

The stamp duty rate for property in Selai Ramasami Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Selai Ramasami Street located?

The Sub Registrar Office for Selai Ramasami Street is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the land classification for Selai Ramasami Street?

Selai Ramasami Street is classified as Residential Class II Type - I, indicating its suitability for residential development.