Guideline Value for Seshathiripalayam Palani Chetty Street

Seshathiripalayam Palani Chetty Street guideline value

The current guideline value of Seshathiripalayam Palani Chetty Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - III.

How the guideline value of Seshathiripalayam Palani Chetty Street has changed

The guideline value for Seshathiripalayam Palani Chetty Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and it further rose to Rs 1,100 per sq.ft in the 2024 revision, reflecting an overall increase of 10% from 2012 to 2024.

From 2017 to 2023, the value increased by 49%, while there was a decrease of 33% from 2012 to 2017. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value of Seshathiripalayam Palani Chetty Street is above this median.

• Seshathiripalayam mettu Street: Rs 1,100 per sq.ft (2024)
• Seshathiripalayam Road Street: Rs 1,100 per sq.ft (2024)
• Seshathiripalayam Street: Rs 1,100 per sq.ft (2024)
• Sethurapillai Street: Rs 880 per sq.ft (2024)
• Sasthiri Nagar: Rs 880 per sq.ft (2024)
• Sannathi Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Seshathiripalayam Palani Chetty Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seshathiripalayam Palani Chetty Street?

The Sub Registrar Office that covers Seshathiripalayam Palani Chetty 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 Ist Division

The guideline value is a critical factor during the registration of property transactions in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the official valuation of the property.

When a property is sold, the guideline value is used to calculate the applicable charges, which are based on the higher of the guideline value or the actual sale price. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Seshathiripalayam Palani Chetty Street?

The current guideline value of Seshathiripalayam Palani Chetty Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

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

For a property of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for this street?

The Kanchipuram Joint IV Sub Registrar Office is responsible for handling registrations for Seshathiripalayam Palani Chetty Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the land classification of Seshathiripalayam Palani Chetty Street?

Seshathiripalayam Palani Chetty Street is classified as Residential Class I Type - III, indicating its suitability for residential development.