Guideline Value for SOLESWARAN KOIL STREET

Soleswaran Koil Street guideline value

The current guideline value of Soleswaran Koil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class III Type - I.

How the guideline value of Soleswaran Koil Street has changed

The guideline value for Soleswaran Koil Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 213 per sq.ft. It then increased to Rs 250 per sq.ft in 2007, marking a rise of 17%. The 2012 revision saw the value jump to Rs 800 per sq.ft, a significant increase of 220%. However, in 2017, the value decreased to Rs 536 per sq.ft, reflecting a drop of 33%. The 2023 revision set the value at Rs 800 per sq.ft again, and the latest 2024 revision has raised it to Rs 880 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 313%. It is important to note that 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 that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Soleswaran Koil Street's 2024 figure is below this median.

• Shengunthar Nagar: Rs 880 per sq.ft (2024)
• Sengundhar Nagar Part 2 Phase I: Rs 880 per sq.ft (2024)
• Selai Ramasami Street: Rs 1,320 per sq.ft (2024)
• Sundari Avenue Extension: Rs 3,300 per sq.ft (2024)
• Thanappan Nayakkan Street: Rs 1,100 per sq.ft (2024)
• Thayar Kulam Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Soleswaran Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Soleswaran Koil Street?

The Sub Registrar Office that covers Soleswaran Koil 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 critical factor in the registration process of property transactions 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 state collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to consider this value as it directly impacts the costs associated with the transaction, including taxes and fees.

Frequently asked questions

What is the current guideline value of Soleswaran Koil Street?

The current guideline value of Soleswaran Koil Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 213 per sq.ft in 2003, reaching Rs 800 in 2012, dropping to Rs 536 in 2017, and finally increasing to Rs 880 in 2024.

What is the median guideline value in KANCHIPURAM TOWN 3rd DIVISION?

The median guideline value in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, while Soleswaran Koil Street's 2024 figure is below this median.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles property registrations for Soleswaran Koil Street?

The Kanchipuram Joint II Sub Registrar Office handles property registrations for Soleswaran Koil Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.