Guideline Value for THIRUPPUKUDAL STREET

Thiruppukudal Street guideline value

The current guideline value of Thiruppukudal Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village and falls under the Kanchipuram Joint I SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Thiruppukudal Street has changed

The guideline value of Thiruppukudal Street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. Following this, the value rose to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,650 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 275%, but then it decreased by 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 313%.

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, with the median value being Rs 1,650 per sq.ft. Thiruppukudal Street's 2024 figure matches this median.

• Theeradi Street: Rs 1,980 per sq.ft (2024)
• Ulagalandar Mada Street: Rs 3,300 per sq.ft (2024)
• Ulagalandar Sannathi Street: Rs 3,300 per sq.ft (2024)
• Thanthai Periyar Street: Rs 1,100 per sq.ft (2024)
• Upperikulam Street: Rs 1,650 per sq.ft (2024)
• Thalayari Street (Or) Mahanadu Dharmarayar Streeet: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruppukudal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost for these fees would be Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruppukudal Street?

The Sub Registrar Office that covers Thiruppukudal 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 information.

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 stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must ensure that the transactions reflect the guideline value to comply with legal requirements.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Thiruppukudal Street?

The current guideline value of Thiruppukudal Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Thiruppukudal Street?

The Kanchipuram Joint I Sub Registrar Office handles registrations for Thiruppukudal Street, located at No.52 Orikkai Madura, Udhayamangalam Village.

What is the land classification for Thiruppukudal Street?

The land classification for Thiruppukudal Street is Residential Class II Type - III, indicating its designated use for residential purposes.