Guideline Value for Seshathiripalayam mettu Street

Seshathiripalayam mettu Street guideline value

The current guideline value of Seshathiripalayam mettu 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 mettu Street has changed

Over the years, the guideline value of Seshathiripalayam mettu Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. The value then increased to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 raised it to Rs 1,100 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. The most significant increase occurred between the 2017 and 2023 revisions, where the value rose by 49%. The change from 2023 to 2024 reflects a 10% increase.

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 mettu Street is above this median.

• Seshathiripalayam Palani Chetty 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 mettu 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, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seshathiripalayam mettu Street?

The Sub Registrar Office that covers Seshathiripalayam mettu 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ist Division. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is assessed, and the applicable fees are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Seshathiripalayam mettu Street?

The current guideline value of Seshathiripalayam mettu 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 of Seshathiripalayam mettu Street?

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

Which office handles the registration for properties in Seshathiripalayam mettu Street?

The Kanchipuram Joint IV Sub Registrar Office handles the registration for properties in Seshathiripalayam mettu Street.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.