Guideline Value for Thirusakrapuram Street

Thirusakrapuram Street guideline value

The current guideline value of Thirusakrapuram Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Class I Type - III.

How the guideline value of Thirusakrapuram Street has changed

The guideline value for Thirusakrapuram Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. In 2023, the value rose significantly to Rs 1,500 per sq.ft, and further increased to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures 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 value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Thirusakrapuram Street.

• Thumbavanam Arunachalam Mudal Road: Rs 1,100 per sq.ft (2024)
• Thumbavanam Street: Rs 1,320 per sq.ft (2024)
• Thirukatchi Nambi Street: Rs 3,300 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 Thirusakrapuram Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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 Thirusakrapuram Street?

The Sub Registrar Office covering Thirusakrapuram 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 2nd Division

The guideline value is a crucial factor during the registration of property transactions in 2nd Division. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for tax purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This process helps maintain transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Thirusakrapuram Street?

The current guideline value of Thirusakrapuram Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Thirusakrapuram Street?

Thirusakrapuram Street is classified as Residential Class I Type - III.

Where is the Kanchipuram Joint IV SRO located?

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

How is the stamp duty calculated for properties in Thirusakrapuram Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.