Guideline Value for THANTHAI PERIYAR STREET

Thanthai Periyar Street guideline value

The current guideline value of Thanthai Periyar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Class III Type - III.

How the guideline value of Thanthai Periyar Street has changed

Over the years, the guideline value for Thanthai Periyar Street has seen significant changes. The earliest recorded figure is from 2007, where the value was Rs 250 per sq.ft. This increased dramatically to Rs 1,000 per sq.ft in 2012, marking a 300% rise. However, by 2017, the value decreased to Rs 670 per sq.ft, reflecting a 33% drop. The value then rose again to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

The guideline value register does not contain figures for the years 2002 and 2003 for Thanthai Periyar Street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Thanthai Periyar Street's 2024 value below this median.

• Theeradi Street: Rs 1,980 per sq.ft (2024)
• Thalayari Street (Or) Mahanadu Dharmarayar Street: Rs 3,300 per sq.ft (2024)
• Thiruppukudal Street: Rs 1,650 per sq.ft (2024)
• Subbarayar Street: Rs 1,650 per sq.ft (2024)
• Ulagalandar Mada Street: Rs 3,300 per sq.ft (2024)
• Ulagalandar Sannathi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your specific charges using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanthai Periyar Street?

The Sub Registrar Office that covers Thanthai Periyar Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kanchipuram Town

The guideline value plays a crucial role in the registration process of property transactions in Kanchipuram Town. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Street?

The current guideline value of Thanthai Periyar 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 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 340%. The most recent increase was from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024.

What is the classification of Thanthai Periyar Street?

Thanthai Periyar Street is classified as Residential Class III Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 11,00,000, the total stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, leading to a total of Rs 99,000 in charges.

Where is the Sub Registrar Office for Thanthai Periyar Street located?

The Kanchipuram Joint I Sub Registrar Office is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.