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 Ist Division village, under the Kanchipuram Joint IV SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Thirukatchi Nambi Street has changed

The guideline value for Thirukatchi Nambi Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% increase. However, between 2012 and 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, a 49% increase from the previous revision. The current revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the 2023 figure.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Ist Division

In Ist Division village, 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 Thirukatchi Nambi Street's 2024 figure above that median.

• Thirawpathi Nagar: Rs 880 per sq.ft (2024)
• Thirumalai Nagar: Rs 880 per sq.ft (2024)
• Thendai Mada Veethi: Rs 1,650 per sq.ft (2024)
• Thiruppukudal Street: Rs 1,100 per sq.ft (2024)
• Thiru Solai Street: Rs 1,100 per sq.ft (2024)
• Swarnapuri Nagar: Rs 880 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 rate of Rs 3,300 per sq.ft, the guideline value amounts to 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirukatchi Nambi Street?

The Sub Registrar Office that covers 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 Ist Division

The guideline value is a critical factor when registering property in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the financial obligations related to the transaction. It ensures that the government receives the appropriate revenue from property transactions based on the established values for different streets and areas.

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 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the registration office for Thirukatchi Nambi Street?

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

What factors determine the stamp duty and registration fees?

The stamp duty and registration fees are determined based on the guideline value or the sale price of the property, whichever is higher. The current rates for stamp duty and registration fees are 7% and 2%, respectively.

Are there other streets with different guideline values in Ist Division?

Yes, there are other streets in Ist Division with varying guideline values. For example, Thirawpathi Nagar and Thirumalai Nagar both have a guideline value of Rs 880 per sq.ft in 2024.