Guideline Value for THIRUVEGAMPAN STREET

Thiruvegampan Street guideline value

The current guideline value of Thiruvegampan 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 and is classified as Residential Class III Type - I.

How the guideline value of Thiruvegampan Street has changed

The guideline value for Thiruvegampan Street has undergone several revisions over the years. In 2003, the value was Rs 232 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 800 per sq.ft, but it then dropped to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023 and reached Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 279%. It is important to note that there is no figure available for the year 2002 in the register 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 carry 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. Thiruvegampan Street's 2024 figure is below this median.

• Thirumettraleswarar Koil Street: Rs 1,100 per sq.ft (2024)
• Thirumal Raja Street: Rs 880 per sq.ft (2024)
• Valatheswaran Koil Street: Rs 2,200 per sq.ft (2024)
• Therkku Pattarai: Rs 3,300 per sq.ft (2024)
• Vallal Patchaiyappan Street: Rs 5,500 per sq.ft (2024)
• Thayar Kulam Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvegampan Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Thiruvegampan Street?

The Sub Registrar Office that covers Thiruvegampan 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 figure used during the registration of 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 reflects a fair value as per government standards.

When buying or selling a property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Thiruvegampan Street?

The current guideline value of Thiruvegampan 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 changed from Rs 232 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 279% over the years.

What is the land classification for Thiruvegampan Street?

Thiruvegampan Street is classified as Residential Class III Type - I.

Where is the Kanchipuram Joint II Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600.