Guideline Value for Thirukatchi Nambi Street

Thirukatchi Nambi Street guideline value

The current guideline value of Thirukatchi Nambi Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Special Type - II.

How the guideline value of Thirukatchi Nambi Street has changed

The guideline value for Thirukatchi Nambi Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is +10%. The 2023 to 2024 revision saw an increase of 10%, while the 2017 to 2023 period experienced a significant increase of 49%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in 2nd Division

In the 2nd Division, there are 101 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Thirukatchi Nambi Street's 2024 figure above this median.

• Thirusakrapuram Street: Rs 1,650 per sq.ft (2024)
• Thumbavanam Arunachalam Mudal Road: Rs 1,100 per sq.ft (2024)
• Thumbavanam Street: Rs 1,320 per sq.ft (2024)
• Uppukulam: Rs 800 per sq.ft (2024)
• Uppukulama Street: Rs 1,100 per sq.ft (2024)
• Uppukulam Sri Siddhi Vinayagar Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukatchi Nambi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, these fees total Rs 2,97,000. 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 calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirukatchi Nambi Street?

The Sub Registrar Office covering Thirukatchi Nambi 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 details.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a critical factor in the registration process when buying or selling property in 2nd Division. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted fairly and transparently.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thirukatchi Nambi Street?

The current guideline value of Thirukatchi Nambi Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Thirukatchi Nambi Street?

Thirukatchi Nambi Street is classified as Residential Special Type - II under the Kanchipuram Joint IV SRO.

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

For a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000.

Where can I find the Sub Registrar Office for Thirukatchi Nambi Street?

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