Guideline Value for Thambaram-Kanchipuram Main Road

Thambaram-Kanchipuram Main Road guideline value

The current guideline value of Thambaram-Kanchipuram Main Road is Rs 1,000 per sq.ft, effective from 1 July 2024. This road is located in Karanaithangal village, under the Sunguvarchattram SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Thambaram-Kanchipuram Main Road has changed

The guideline value for Thambaram-Kanchipuram Main Road has undergone several revisions over the years. The earliest recorded figure is from 2012, when the guideline value was Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft. Following this, the value increased significantly to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 and 2024 revisions shows that the guideline value has remained constant at Rs 1,000 per sq.ft.

Guideline values in Karanaithangal

In Karanaithangal, there are 17 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 471 to Rs 1,000 per sq.ft. The guideline value for Thambaram-Kanchipuram Main Road is above the median of Rs 500 per sq.ft. Below are the guideline values for other streets in Karanaithangal:

• Venkateshwara Nagar: Rs 500 per sq.ft (2024)
• Selvaganapathy Nagar: Rs 500 per sq.ft (2024)
• Priya Nagar: Rs 800 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 500 per sq.ft (2024)
• Perinjambakkam Salai: Rs 500 per sq.ft (2024)
• Kullakkarai Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Thambaram-Kanchipuram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thambaram-Kanchipuram Main Road?

The Sub Registrar Office that covers Thambaram-Kanchipuram Main Road is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Karanaithangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property registration process.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded at a fair value. This is crucial for both buyers and sellers, as it impacts the overall costs associated with the property transaction.

Frequently asked questions

What is the current guideline value of Thambaram-Kanchipuram Main Road?

The current guideline value of Thambaram-Kanchipuram Main Road is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 1,000 per sq.ft in 2023 and 2024, compared to Rs 670 per sq.ft in 2017. The value was Rs 1,000 per sq.ft in 2012, indicating fluctuations over the years.

What are the other streets in Karanaithangal and their guideline values?

Other streets in Karanaithangal include Venkateshwara Nagar and Selvaganapathy Nagar, both at Rs 500 per sq.ft, Priya Nagar at Rs 800 per sq.ft, and several others at Rs 500 per sq.ft. The guideline values vary across these streets.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty is Rs 70,000 and the registration fee is Rs 20,000, totaling Rs 90,000. These fees are based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Thambaram-Kanchipuram Main Road?

The Sub Registrar Office for Thambaram-Kanchipuram Main Road is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone. You can find more details online.