Guideline Value for Santhaaleeswarar Kovil Street

Santhaaleeswarar Kovil Street guideline value

The current guideline value of Santhaaleeswarar Kovil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Class III Type - I.

How the guideline value of Santhaaleeswarar Kovil Street has changed

The guideline value for Santhaaleeswarar Kovil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 800 per sq.ft. This value remained the same until the next revision in 2017, which saw a decrease to Rs 536 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, marking a 49% rise. The latest revision in 2024 has set the value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in 2nd Division

In the 2nd Division village under the Kanchipuram Joint IV SRO, there are 101 streets that carry 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, placing Santhaaleeswarar Kovil Street's 2024 figure below that median.

• Sangusapet Street: Rs 3,300 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 Santhaaleeswarar Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to 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, bringing the total to Rs 79,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santhaaleeswarar Kovil Street?

The Sub Registrar Office covering Santhaaleeswarar Kovil 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 in the registration process when buying or selling property in the 2nd Division. 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 with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Santhaaleeswarar Kovil Street?

The current guideline value of Santhaaleeswarar Kovil 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 from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the registration office for Santhaaleeswarar Kovil Street?

The registration office for Santhaaleeswarar Kovil Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What are the stamp duty and registration fees for a property on this street?

For a property on Santhaaleeswarar Kovil Street 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.

What is the land classification of Santhaaleeswarar Kovil Street?

Santhaaleeswarar Kovil Street is classified as Residential Class III Type - I.