Guideline Value for Sekkupet Vadaku Street

Sekkupet Vadaku Street guideline value

The current guideline value of Sekkupet Vadaku 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 Vadaku Street has changed

The guideline value for Sekkupet Vadaku Street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 3,000 per sq.ft, which was then reduced 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, it rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the value has seen a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in 2nd Division

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

• Sekkupet Therku Street: Rs 3,300 per sq.ft (2024)
• Sekkupet Saliyar 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 Vadaku 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, calculated at 7%, would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, these fees would total Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sekkupet Vadaku Street?

The Sekkupet Vadaku 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 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 of property transactions in the 2nd Division. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the costs involved in the transaction and helps to prevent undervaluation of properties.

Frequently asked questions

What is the current guideline value of Sekkupet Vadaku Street?

The current guideline value of Sekkupet Vadaku 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 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 Vadaku Street?

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

What are the stamp duty and registration fees for property in Sekkupet Vadaku Street?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Which Sub Registrar Office covers Sekkupet Vadaku Street?

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