Guideline Value for THANAPPAN NAYAKKAN STREET

Thanappan Nayakkan Street guideline value

The current guideline value of Thanappan Nayakkan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Thanappan Nayakkan Street has changed

The guideline value for Thanappan Nayakkan Street has undergone several revisions over the years. In the 2003 revision, the value was Rs 185 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2012 revision saw a significant rise to Rs 1,000 per sq.ft, but this was followed by a decrease to Rs 670 per sq.ft in 2017. The value then climbed to Rs 1,000 per sq.ft in 2023, before reaching the current value of Rs 1,100 per sq.ft in the 2024 revision. The register has no figure for this street in 2002.

Between these revisions, the changes were notable. From 2003 to 2007, there was an increase of 89%. However, from 2012 to 2017, the value decreased by 33%. The most significant increase occurred from 2017 to 2023, with a rise of 49%. The overall change from 2003 to 2024 shows an increase of 495% in the guideline value.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Thanappan Nayakkan Street's 2024 guideline value is below this median.

• Thayar Kulam Street: Rs 880 per sq.ft (2024)
• Therkku Pattarai: Rs 3,300 per sq.ft (2024)
• Sundari Avenue Extension: Rs 3,300 per sq.ft (2024)
• Thirumal Raja Street: Rs 880 per sq.ft (2024)
• Thirumettraleswarar Koil Street: Rs 1,100 per sq.ft (2024)
• Thiruvegampan Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Thanappan Nayakkan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the 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 the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Thanappan Nayakkan Street?

The Sub Registrar Office that covers Thanappan Nayakkan Street is the Kanchipuram Joint II 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 KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor in the registration process for property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Thanappan Nayakkan Street?

The current guideline value of Thanappan Nayakkan 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 significantly from Rs 185 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 495% over this period.

What are the other streets in KANCHIPURAM TOWN 3rd DIVISION?

Other streets in KANCHIPURAM TOWN 3rd DIVISION include Thayar Kulam Street, Therkku Pattarai, Sundari Avenue Extension, Thirumal Raja Street, Thirumettraleswarar Koil Street, and Thiruvegampan Street, each with varying guideline values.

How is stamp duty calculated for properties on Thanappan Nayakkan Street?

Stamp duty is calculated at 7% 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 a stamp duty of Rs 77,000.

Where can I find the Sub Registrar Office for Thanappan Nayakkan Street?

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