Guideline Value for ALADI PILLAIYAR KOIL STREET

Aladi Pillaiyar Koil Street guideline value

The current guideline value of Aladi Pillaiyar Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, and it is classified as Residential Special Type - II.

How the guideline value of Aladi Pillaiyar Koil Street has changed

Over the years, the guideline value of Aladi Pillaiyar Koil Street has seen significant changes. The earliest recorded figure is from 2003, which was Rs 329 per sq.ft. This increased to Rs 400 per sq.ft in 2007, marking a substantial rise of 22%. In 2012, the value remained at Rs 4,000 per sq.ft, showing no change from the previous revision. The 2017 revision saw a decrease to Rs 2,680 per sq.ft, a drop of 33%. However, from 2017 to 2023, the value surged to Rs 4,000 per sq.ft, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figure for this street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 1237%, illustrating a significant upward trend over the years.

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, making Aladi Pillaiyar Koil Street's 2024 figure above that median.

• Akkanam Palaya Street (A) Charman Samynathamudhali Street: Rs 880 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 Aladi Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aladi Pillaiyar Koil Street?

The Sub Registrar Office that covers Aladi Pillaiyar Koil 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

When buying or selling property in KANCHIPURAM TOWN 3rd DIVISION, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for property transactions, ensuring that the fees are calculated fairly based on the established rates.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Aladi Pillaiyar Koil Street?

The current guideline value of Aladi Pillaiyar Koil Street is Rs 4,400 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 329 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an increase of 1237% over the years.

What is the median guideline value in KANCHIPURAM TOWN 3rd DIVISION?

The median guideline value in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, with Aladi Pillaiyar Koil Street's value being above this median.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur fees totaling Rs 3,96,000.

Which office handles the registration for Aladi Pillaiyar Koil Street?

The registration for Aladi Pillaiyar Koil Street is handled by the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.