Guideline Value for Suklapalayam Govindan Street

Suklapalayam Govindan Street guideline value

The current guideline value of Suklapalayam Govindan 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 Suklapalayam Govindan Street has changed

The guideline value for Suklapalayam Govindan Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. The value increased to Rs 1,000 per sq.ft again in 2023, before reaching the current rate of Rs 1,100 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. When comparing the 2023 to 2024 revisions, there is a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no 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. Suklapalayam Govindan Street's 2024 figure of Rs 1,100 per sq.ft is above this median.

• Suklapalayam Street @ V.N.Perumal Naidu Street: Rs 1,430 per sq.ft (2024)
• Sudharsan Nagar Extension: Rs 880 per sq.ft (2024)
• Sudharsan Nagar: Rs 800 per sq.ft (2024)
• Sudarsan Nagar: Rs 800 per sq.ft (2024)
• Sunnambukara Street: Rs 1,650 per sq.ft (2024)
• State Bank Kalani: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Suklapalayam Govindan 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 fees together 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Suklapalayam Govindan Street?

The Sub Registrar Office that covers Suklapalayam Govindan Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ist Division. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Suklapalayam Govindan Street?

The current guideline value of Suklapalayam Govindan 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 Suklapalayam Govindan Street?

Suklapalayam Govindan Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property in Suklapalayam Govindan Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000, with a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office located for this street?

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