Guideline Value for Thiru Solai Street

Thiru Solai Street guideline value

The current guideline value of Thiru Solai Street is Rs 1,100 per sq.ft. This street is located in Ist Division village, under the Kanchipuram Joint IV SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thiru Solai Street has changed

The guideline value of Thiru Solai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,100 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The 2023 to 2024 revision reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Thiru Solai Street's 2024 figure above this median.

• Thiruppukudal Street: Rs 1,100 per sq.ft (2024)
• Thiruvenkadam Nagar: Rs 880 per sq.ft (2024)
• Thirumalai Nagar: Rs 880 per sq.ft (2024)
• Thirukatchi Nambi Street: Rs 3,300 per sq.ft (2024)
• Thirawpathi Nagar: Rs 880 per sq.ft (2024)
• Thendai Mada Veethi: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Solai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru Solai Street?

The Sub Registrar Office that covers Thiru Solai Street is the Kanchipuram Joint IV 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 Ist Division

The guideline value is a crucial factor in property transactions in Ist Division as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Ensuring that the property is registered at or above the guideline value helps maintain transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Thiru Solai Street?

The current guideline value of Thiru Solai Street is Rs 1,100 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Thiru Solai Street?

Thiru Solai Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Thiru Solai Street?

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

How is stamp duty calculated for properties in Thiru Solai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 77,000.