Guideline Value for THAYAR KULAM STREET

Thayar Kulam Street guideline value

The current guideline value of Thayar Kulam Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class III Type - I.

How the guideline value of Thayar Kulam Street has changed

In the 2003 revision, the guideline value was Rs 318 per sq.ft. This increased to Rs 350 per sq.ft in 2007, marking a growth of 10%. The 2012 revision saw the value rise significantly to Rs 800 per sq.ft, a 129% increase from the previous figure. However, in 2017, the value decreased to Rs 536 per sq.ft, representing a decline of 33%. The 2023 revision brought the value back up to Rs 800 per sq.ft, and the most recent 2024 revision set the current value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 177%. The register does not have a figure for the year 2002 for this street.

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. Thayar Kulam Street's 2024 guideline value is below this median.

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

Stamp duty and registration fee for property in Thayar Kulam Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thayar Kulam Street?

The Sub Registrar Office that covers Thayar Kulam 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 when registering property transactions in KANCHIPURAM TOWN 3rd DIVISION. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thayar Kulam Street?

The current guideline value of Thayar Kulam 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 increased from Rs 318 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, showing an overall increase of 177% over this period.

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

Other streets in KANCHIPURAM TOWN 3rd DIVISION include Therkku Pattarai, Thanappan Nayakkan Street, Thirumal Raja Street, Thirumettraleswarar Koil Street, Sundari Avenue Extension, and Thiruvegampan Street, each with their respective guideline values.

What is the stamp duty rate for properties in Thayar Kulam Street?

The stamp duty rate for properties in Thayar Kulam Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thayar Kulam Street?

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