Guideline Value for APPARAO STREET

Apparao Street guideline value

The current guideline value of Apparao Street in Kanchipuram Town village is Rs 1,210 per sq.ft, effective from 1 July 2024. This street falls under the Kanchipuram Joint I SRO and is classified as Residential Class III Type - II.

How the guideline value of Apparao Street has changed

The guideline value for Apparao Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which remained until the 2017 revision when it decreased to Rs 737 per sq.ft. However, the value increased significantly in the following revisions, reaching Rs 1,100 per sq.ft in 2023 and then rising to Rs 1,210 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value saw a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kanchipuram Town

Kanchipuram Town features 85 streets under the Kanchipuram Joint I SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Apparao Street's 2024 figure below this median.

• Arutperumselvi Street: Rs 1,320 per sq.ft (2024)
• Bava Street: Rs 1,650 per sq.ft (2024)
• Achukattu: Rs 1,100 per sq.ft (2024)
• Aasanbath Battarai Street (Or) Tolgate: Rs 1,100 per sq.ft (2024)
• Chairman Sambasivam Street: Rs 1,100 per sq.ft (2024)
• Chappani Pillaiyar Kovil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Apparao Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that 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.

Which Sub Registrar Office covers Apparao Street?

The Sub Registrar Office that covers Apparao Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, 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

The guideline value is a crucial factor in property transactions in Kanchipuram Town. It serves as the basis for calculating the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable duties and fees, ensuring that the correct amounts are paid to the authorities during the registration of the property.

Frequently asked questions

What is the current guideline value of Apparao Street?

The current guideline value of Apparao Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Apparao Street has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification of Apparao Street?

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

Where can I find the registration office for Apparao Street?

The registration office for Apparao Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

How is stamp duty calculated for properties on Apparao Street?

Stamp duty for properties on Apparao Street is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 12,10,000 would incur a stamp duty of Rs 84,700 at 7%.