Guideline Value for Sethurapillai Street

Sethurapillai Street guideline value

The current guideline value of Sethurapillai Street is Rs 880 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 II Type - I.

How the guideline value of Sethurapillai Street has changed

The guideline value for Sethurapillai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. Subsequently, the 2023 revision increased the value to Rs 800 per sq.ft, and the current 2024 revision has further raised it to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, 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, with a median value of Rs 880 per sq.ft. Sethurapillai Street's 2024 guideline value aligns with this median.

• Seshathiripalayam Street: Rs 1,100 per sq.ft (2024)
• 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)
• 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 Sethurapillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sethurapillai Street?

The Sub Registrar Office that covers Sethurapillai 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 crucial factor when registering property transactions in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in compliance with local regulations. This value is essential for both buyers and sellers to understand their financial obligations when engaging in property transactions.

Frequently asked questions

What is the current guideline value of Sethurapillai Street?

The current guideline value of Sethurapillai Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Sethurapillai Street?

Sethurapillai Street is classified as Residential Class II Type - I.

Where can I find the registration office for Sethurapillai Street?

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

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, a 1,000 sq.ft plot at the current rate would have a total guideline value of Rs 8,80,000, leading to specific fees for registration.