Guideline Value for Sekkupet Saliyar Street

Sekkupet Saliyar Street guideline value

The current guideline value of Sekkupet Saliyar 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 and is classified as Residential Special Type - II.

How the guideline value of Sekkupet Saliyar Street has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 2,010 per sq.ft. Following this, the value saw a significant increase in the 2023 revision to Rs 3,000 per sq.ft, and further rose to Rs 3,300 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase, indicating a notable shift in the guideline value over the years.

Guideline values in 2nd Division

In the 2nd Division, there are 101 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Sekkupet Saliyar Street is above this median.

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

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

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sekkupet Saliyar Street?

The Sekkupet Saliyar 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in the 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being bought or sold.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sekkupet Saliyar Street?

The current guideline value of Sekkupet Saliyar 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 seen several changes, 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 of Sekkupet Saliyar Street?

Sekkupet Saliyar Street is classified as Residential Special Type - II under the Kanchipuram Joint IV SRO.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 33,00,000, the total fees would amount to Rs 2,97,000.

Which office handles the registration for Sekkupet Saliyar Street?

The Kanchipuram Joint IV Sub Registrar Office handles the registration for Sekkupet Saliyar Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.