Guideline Value for Sangusapet Street

Sangusapet Street guideline value

The current guideline value of Sangusapet Street, located in the 2nd Division village under the Kanchipuram Joint IV SRO, is Rs 3,300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is classified as Residential Special Type - II.

How the guideline value of Sangusapet Street has changed

The guideline value for Sangusapet Street has seen several changes over the years. In the 2012 revision, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value significantly increased to Rs 3,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 regarding this street.

Guideline values in 2nd Division

In the 2nd Division village, there are 101 streets under the Kanchipuram Joint IV SRO with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, positioning Sangusapet Street's 2024 guideline value above this median.

• Santhaaleeswarar Kovil Street: Rs 880 per sq.ft (2024)
• Sekkupet Kanthasamy Sa Street: Rs 3,300 per sq.ft (2024)
• Sekkupet Kavarai Street: Rs 5,500 per sq.ft (2024)
• Sekkupet Nadu Street: Rs 5,500 per sq.ft (2024)
• Sekkupet Saliyar Street: Rs 3,300 per sq.ft (2024)
• Sekkupet Therku Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sangusapet Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 detailed calculations.

Which Sub Registrar Office covers Sangusapet Street?

The Sub Registrar Office that covers Sangusapet Street is the Kanchipuram Joint IV 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 2nd Division

The guideline value plays a crucial role during the registration of property transactions in the 2nd Division. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to assess the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sangusapet Street?

The current guideline value of Sangusapet Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Sangusapet Street?

Sangusapet Street is classified as Residential Special Type - II, which indicates its zoning for residential purposes.

Where can I find the Sub Registrar Office for Sangusapet Street?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sangusapet Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 2,31,000.