Guideline Value for Sekkupet Therku Street

Sekkupet Therku Street guideline value

The current guideline value of Sekkupet Therku 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 Therku Street has changed

The guideline value for Sekkupet Therku Street has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft. This figure remained unchanged until the 2017 revision, which lowered the value to Rs 2,010 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 3,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for Sekkupet Therku Street in the revisions of 2002, 2003, and 2007. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in 2nd Division

In the 2nd Division 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 Sekkupet Therku Street's 2024 figure above this median.

• Sekkupet Saliyar Street: Rs 3,300 per sq.ft (2024)
• Sekkupet Vadaku Street: Rs 3,300 per sq.ft (2024)
• Sekkupet Nadu Street: Rs 5,500 per sq.ft (2024)
• Sekkupet Kavarai Street: Rs 5,500 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 Therku 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, charged at 7%, would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees 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 also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sekkupet Therku Street?

The Kanchipuram Joint IV Sub Registrar Office covers Sekkupet Therku Street. The office is 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 is a crucial factor in the registration process when buying or selling property in 2nd Division. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transactions.

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

Frequently asked questions

What is the current guideline value of Sekkupet Therku Street?

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

How much 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, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017, showing a significant increase of 49% to reach the 2023 value.

What is the land classification of Sekkupet Therku Street?

Sekkupet Therku Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Sekkupet Therku Street?

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

How is the stamp duty calculated for properties in Sekkupet Therku Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 3,300 per sq.ft, the stamp duty would be Rs 2,31,000.