Guideline Value for ANANTHOJI PANDITHAR STREET

Ananthoji Pandithar Street guideline value

The current guideline value of Ananthoji Pandithar Street is Rs 1,320 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 Class II Type - I.

How the guideline value of Ananthoji Pandithar Street has changed

The guideline value for Ananthoji Pandithar Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 350 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a rise of 243%. However, the value then decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase again to Rs 1,200 per sq.ft in 2023, followed by the current rate of Rs 1,320 per sq.ft in 2024, which reflects a 10% increase from the previous year. The register has no figures for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 277%. The changes between the revisions highlight the fluctuations in the guideline value over time, with the most recent value aligning with the median of Rs 1,320 per sq.ft for the 48 streets in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, the guideline values for various streets range from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Ananthoji Pandithar Street's 2024 figure matches this median, indicating its position within the local property market.

• Aladi Pillaiyar Koil Street: Rs 4,400 per sq.ft (2024)
• Akkanam Palaya Street (A) Charman Samynathamudhali Street: Rs 880 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 Ananthoji Pandithar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 Ananthoji Pandithar Street?

Ananthoji Pandithar Street falls under 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 plays a crucial role in property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

At the time of registration, the stamp duty is charged based on the higher of the guideline value or the sale price of the property. This ensures that the government receives revenue based on the true value of the property being transferred, reflecting its worth in the market.

Frequently asked questions

What is the current guideline value of Ananthoji Pandithar Street?

The current guideline value of Ananthoji Pandithar Street is Rs 1,320 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 1,320 per sq.ft in 2024, showing an overall increase of 277% over the years.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Kanchipuram Joint II Sub Registrar Office located?

The Kanchipuram Joint II Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the land classification for Ananthoji Pandithar Street?

Ananthoji Pandithar Street is classified as Residential Class II Type - I under the Kanchipuram Joint II SRO.