Guideline Value for Vallal Pachaiyappan Street Santhu (a) Back

Vallal Pachaiyappan Street Santhu (a) Back guideline value

The current guideline value of Vallal Pachaiyappan Street Santhu (a) Back is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Commercial Class I Type - II.

How the guideline value of Vallal Pachaiyappan Street Santhu (a) Back has changed

The guideline value for Vallal Pachaiyappan Street Santhu (a) Back has seen several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which was then reduced to Rs 3,350 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 5,000 per sq.ft, and the latest 2024 revision has raised it further to Rs 5,500 per sq.ft, marking a 10% increase from 2023 to 2024.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, 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, with guideline values ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Vallal Pachaiyappan Street Santhu (a) Back's 2024 figure above the median.

• Vallal Pachaiyappan Street: Rs 5,500 per sq.ft (2024)
• Vallal Pachaiyappan Santhu: Rs 3,300 per sq.ft (2024)
• Vaikumdapuram Street: Rs 2,750 per sq.ft (2024)
• Uppukulam Sri Venkateswara Nagar: Rs 800 per sq.ft (2024)
• Uppukulam Sri Siddhi Vinayagar Nagar: Rs 1,100 per sq.ft (2024)
• Uppukulama Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vallal Pachaiyappan Street Santhu (a) Back

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, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Vallal Pachaiyappan Street Santhu (a) Back?

The Vallal Pachaiyappan Street Santhu (a) Back falls under 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 serves as a benchmark for property transactions in the 2nd Division. It is used to determine the stamp duty and registration fees that must be paid at the time of registration, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is essential for both buyers and sellers to understand the financial implications of their transactions. It provides a clear framework for the costs associated with property registration, helping to avoid any surprises during the process.

Frequently asked questions

What is the current guideline value of Vallal Pachaiyappan Street Santhu (a) Back?

The current guideline value of Vallal Pachaiyappan Street Santhu (a) Back 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 from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase. It was Rs 3,350 per sq.ft in 2017, indicating a 49% increase from that year to 2023.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 55,00,000, the total fees would amount to Rs 4,95,000.

Which office handles registrations for Vallal Pachaiyappan Street Santhu (a) Back?

The Kanchipuram Joint IV Sub Registrar Office is responsible for handling registrations for Vallal Pachaiyappan Street Santhu (a) Back, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification for Vallal Pachaiyappan Street Santhu (a) Back?

The land classification for Vallal Pachaiyappan Street Santhu (a) Back is Commercial Class I Type - II, indicating its suitability for commercial activities.