Guideline Value for VALLAL PATCHAIYAPPAN STREET

Vallal Patchaiyappan Street guideline value

The current guideline value of Vallal Patchaiyappan Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION, under the Kanchipuram Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Vallal Patchaiyappan Street has changed

The guideline value for Vallal Patchaiyappan Street has experienced several revisions over the years. In 2003, the value was Rs 901 per sq.ft. This increased to Rs 1,000 per sq.ft in 2007, marking a rise of 11%. The value saw a significant jump to Rs 5,000 per sq.ft in 2012, reflecting a 400% increase. However, it decreased to Rs 3,350 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024, which is a 10% increase from the previous year.

Notably, there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 510%.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Vallal Patchaiyappan Street above this median.

• Valatheswaran Koil Street: Rs 2,200 per sq.ft (2024)
• Vanigar Veethi: Rs 4,400 per sq.ft (2024)
• Veeramagali Amman Koil Street: Rs 880 per sq.ft (2024)
• Veeramagali Amman Otha Vadai Street: Rs 880 per sq.ft (2024)
• Thiruvegampan Street: Rs 880 per sq.ft (2024)
• Thirumettraleswarar Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vallal Patchaiyappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that 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 Vallal Patchaiyappan Street?

The Sub Registrar Office covering Vallal Patchaiyappan Street is the Kanchipuram Joint II 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 KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a critical factor in the registration process when buying or selling property in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, thus influencing the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Vallal Patchaiyappan Street?

The current guideline value of Vallal Patchaiyappan Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 901 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 510% over this period.

What is the land classification for Vallal Patchaiyappan Street?

Vallal Patchaiyappan Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property in Vallal Patchaiyappan Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000 based on the current guideline value.

Which office handles the registration for Vallal Patchaiyappan Street?

The Kanchipuram Joint II Sub Registrar Office handles the registration for Vallal Patchaiyappan Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.