Guideline Value for SUBBARAYAR STREET

Subbarayar Street guideline value

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

How the guideline value of Subbarayar Street has changed

In the 2012 revision, the guideline value for Subbarayar Street was Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft. In 2023, the value increased to Rs 1,500 per sq.ft, and the latest revision in 2024 set the guideline value at Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, the guideline value experienced various changes. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 shows a 10% increase, reflecting the current guideline value of Rs 1,650 per sq.ft.

Guideline values in Kanchipuram Town

Kanchipuram Town has 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 is Rs 1,650 per sq.ft, which is equal to the current guideline value for Subbarayar Street.

• Thalayari Street (Or) Mahanadu Dharmarayar Street: Rs 3,300 per sq.ft (2024)
• Thanthai Periyar Street: Rs 1,100 per sq.ft (2024)
• Theeradi Street: Rs 1,980 per sq.ft (2024)
• Thiruppukudal Street: Rs 1,650 per sq.ft (2024)
• Ulagalandar Mada Street: Rs 3,300 per sq.ft (2024)
• Ulagalandar Sannathi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Subbarayar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees together Rs 1,48,500. It is important to note that 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 Subbarayar Street?

The Sub Registrar Office that covers Subbarayar 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 plays a crucial role in property transactions in Kanchipuram Town. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the higher amount between the guideline value and the sale price is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Subbarayar Street?

The current guideline value of Subbarayar 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 seen various changes, with the most recent revision in 2024 increasing it to Rs 1,650 per sq.ft from Rs 1,500 per sq.ft in 2023. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification for Subbarayar Street?

Subbarayar Street is classified as Residential Class II Type - III, indicating its suitability for residential development.

Where is the Kanchipuram Joint I Sub Registrar Office located?

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 Subbarayar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 1,48,500, including stamp duty and registration fees.