Guideline Value for Seshathiripalayam Street

Seshathiripalayam Street guideline value

The current guideline value of Seshathiripalayam 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 it falls under the Residential Class I Type - III land classification.

How the guideline value of Seshathiripalayam Street has changed

The guideline value for Seshathiripalayam Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft. This value remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, an increase of 49%. The latest revision in 2024 has raised the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is noteworthy that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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, placing Seshathiripalayam Street's 2024 figure above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to 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. 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 Seshathiripalayam Street?

Seshathiripalayam 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transfer of ownership.

Frequently asked questions

What is the current guideline value of Seshathiripalayam Street?

The current guideline value of Seshathiripalayam 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 is the land classification for Seshathiripalayam Street?

Seshathiripalayam Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft incurs total fees of Rs 99,000.

Where is the Sub Registrar Office for Seshathiripalayam Street located?

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