Guideline Value for ULAGALANDAR SANNATHI STREET

Ulagalandar Sannathi Street guideline value

The current guideline value of Ulagalandar Sannathi Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Special Type - III.

How the guideline value of Ulagalandar Sannathi Street has changed

Over the years, the guideline value for Ulagalandar Sannathi Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced 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 current 2024 revision has further raised it to Rs 3,300 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

The changes between the revisions are significant. From 2017 to 2023, there was a substantial increase of 49%. However, between 2012 and 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Ulagalandar Sannathi Street's 2024 figure above this median.

• Ulagalandar Mada Street: Rs 3,300 per sq.ft (2024)
• Upperikulam Street: Rs 1,650 per sq.ft (2024)
• Vaigundaperumal Kovil Sannathi Street: Rs 1,100 per sq.ft (2024)
• Vaigundaperumal Mada Street: Rs 1,100 per sq.ft (2024)
• Vaitheeyar Street: Rs 1,980 per sq.ft (2024)
• Varadhappan Back Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Ulagalandar Sannathi Street

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

Which Sub Registrar Office covers Ulagalandar Sannathi Street?

The Kanchipuram Joint I Sub Registrar Office covers Ulagalandar Sannathi Street. The address is No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kanchipuram Town. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is considered by the registration authorities to assess the applicable fees. This ensures that the transaction is recorded based on the official valuation rather than the negotiated sale price.

Frequently asked questions

What is the current guideline value of Ulagalandar Sannathi Street?

The current guideline value of Ulagalandar Sannathi 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. The value was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification of Ulagalandar Sannathi Street?

Ulagalandar Sannathi Street is classified as Residential Special Type - III under the Kanchipuram Joint I SRO.

Where is the Kanchipuram Joint I Sub Registrar Office located?

The Kanchipuram Joint I Sub Registrar Office is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value or sale price, and both fees are essential for property registration.