Guideline Value for Sekkupet Kanthasamy Sa Street

Sekkupet Kanthasamy Sa Street guideline value

The current guideline value of Sekkupet Kanthasamy Sa Street is Rs 3,300 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 Special Type - II.

How the guideline value of Sekkupet Kanthasamy Sa Street has changed

The guideline value for Sekkupet Kanthasamy Sa Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but the overall change from 2012 to 2024 shows a 10% increase. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in 2nd Division

In the 2nd Division, a total of 101 streets under the Kanchipuram Joint IV SRO 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, indicating that Sekkupet Kanthasamy Sa Street's 2024 figure is above this median.

• 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)
• Sekkupet Vadaku Street: Rs 3,300 per sq.ft (2024)
• Santhaaleeswarar Kovil Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sekkupet Kanthasamy Sa 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 is calculated at 7%, resulting in Rs 2,31,000, while the registration fee at 2% totals Rs 66,000. Together, these fees amount 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 information.

Which Sub Registrar Office covers Sekkupet Kanthasamy Sa Street?

The Sekkupet Kanthasamy Sa Street falls under 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 details.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor when registering property transactions in 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the official rates set by the authorities. This process aids in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sekkupet Kanthasamy Sa Street?

The current guideline value of Sekkupet Kanthasamy Sa 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 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Sekkupet Kanthasamy Sa Street?

Sekkupet Kanthasamy Sa Street is classified as Residential Special Type - II, indicating its intended use for residential purposes.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Sekkupet Kanthasamy Sa Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Sekkupet Kanthasamy Sa Street?

The Kanchipuram Joint IV Sub Registrar Office handles property registrations for Sekkupet Kanthasamy Sa Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.