Guideline Value for Thalaivar St

Thalaivar St guideline value

The current guideline value of Thalaivar St, located in the village of Sevilimadu - A, is Rs 1,100 per sq.ft. This value is effective from the 2024 revision, which falls under the Kanchipuram Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thalaivar St has changed

The guideline value for Thalaivar St has seen several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 670 per sq.ft. This figure increased to Rs 1,000 per sq.ft in the 2023 revision, reflecting a significant change of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no recorded figures for Thalaivar St in the revisions from 2002, 2003, 2007, and 2012. This means that the only figures available are from 2017, 2023, and 2024.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, which is equal to the current value of Thalaivar St.

• Thiruchittrambalam Nagar: Rs 1,100 per sq.ft (2024)
• S.S. Nagar: Rs 1,100 per sq.ft (2024)
• Sri Sankar Nagar: Rs 875 per sq.ft (2024)
• Vallalar ST: Rs 1,100 per sq.ft (2024)
• Vandavasi Road: Rs 2,200 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thalaivar St

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

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thalaivar St?

The Sub Registrar Office that covers Thalaivar St 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 details.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value plays a crucial role during the registration of property transactions in Sevilimadu - A. It serves as a benchmark for determining the minimum value 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 costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any penalties during registration.

Frequently asked questions

What is the current guideline value of Thalaivar St?

The current guideline value of Thalaivar St is Rs 1,100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties on Thalaivar St?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Sevilimadu - A?

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

How is the guideline value determined for properties in Sevilimadu - A?

The guideline value is determined based on various factors, including land classification and comparisons with other streets in the area. It is updated periodically to reflect current market conditions and is used for calculating stamp duty and registration fees during property transactions.