Guideline Value for AKKANAM PALAYA STREET (A) CHARMAN SAMYNATHAMUDHALI STREET

Akkanam Palaya Street (A) Charman Samynathamudhali Street guideline value

The current guideline value of Akkanam Palaya Street (A) Charman Samynathamudhali Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class III Type - I.

How the guideline value of Akkanam Palaya Street (A) Charman Samynathamudhali Street has changed

Over the years, the guideline value for Akkanam Palaya Street (A) Charman Samynathamudhali Street has seen several revisions. In 2007, the value was Rs 350 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The 2023 revision set the value at Rs 800 per sq.ft, and the latest revision in 2024 raised it to Rs 880 per sq.ft, marking a 10% increase from the previous year.

The overall change from 2007 to 2024 reflects a substantial increase of 151%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the guideline value register.

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, with a median value of Rs 1,320 per sq.ft. The guideline value of Akkanam Palaya Street (A) Charman Samynathamudhali Street is below this median.

• Aladi Pillaiyar Koil Street: Rs 4,400 per sq.ft (2024)
• Ananthoji Pandithar Street: Rs 1,320 per sq.ft (2024)
• Avakuttai Street: Rs 1,320 per sq.ft (2024)
• Bathirakali Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Chengalvarayan Otha Vadai Street: Rs 880 per sq.ft (2024)
• Eagamugan Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Akkanam Palaya Street (A) Charman Samynathamudhali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the 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 Akkanam Palaya Street (A) Charman Samynathamudhali Street?

The Sub Registrar Office that covers Akkanam Palaya Street (A) Charman Samynathamudhali 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 information.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor when buying or selling property in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements during property transactions.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, protecting the interests of both parties involved.

Frequently asked questions

What is the current guideline value of Akkanam Palaya Street (A) Charman Samynathamudhali Street?

The current guideline value of Akkanam Palaya Street (A) Charman Samynathamudhali Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 151% over the years.

What is the land classification for this street?

Akkanam Palaya Street (A) Charman Samynathamudhali Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Kanchipuram Joint II Sub Registrar Office covers Akkanam Palaya Street (A) Charman Samynathamudhali Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 8,80,000 would incur a stamp duty of Rs 61,600 at 7%.