Guideline Value for Seshathiripalayam Road Street

Seshathiripalayam Road Street guideline value

The current guideline value of Seshathiripalayam Road 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 Road Street has changed

The guideline value for Seshathiripalayam Road Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 670 per sq.ft. The value remained at Rs 1,000 per sq.ft until the 2023 revision, which increased it to Rs 1,100 per sq.ft, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not provide figures for the revisions in 2002, 2003, or 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. The median value among these streets is Rs 880 per sq.ft, making Seshathiripalayam Road Street's 2024 figure above that median.

• Seshathiripalayam Palani Chetty Street: Rs 1,100 per sq.ft (2024)
• Seshathiripalayam Street: Rs 1,100 per sq.ft (2024)
• Seshathiripalayam mettu 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 Road Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details on calculating these fees.

Which Sub Registrar Office covers Seshathiripalayam Road Street?

The Seshathiripalayam Road 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 Ist Division

The guideline value is a crucial factor when registering property in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Seshathiripalayam Road Street?

The current guideline value for Seshathiripalayam Road 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 2023 to Rs 1,100 per sq.ft in 2024, representing a 10% increase. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What is the registration office for Seshathiripalayam Road Street?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 77,000.

What are the other streets in Ist Division with similar guideline values?

Other streets in Ist Division with similar guideline values include Seshathiripalayam Palani Chetty Street, Seshathiripalayam Street, and Seshathiripalayam mettu Street, all at Rs 1,100 per sq.ft as of 2024.