Guideline Value for ARUTPERUMSELVI STREET

Arutperumselvi Street guideline value

The current guideline value of Arutperumselvi Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Arutperumselvi Street has changed

The guideline value of Arutperumselvi Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, 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 Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Arutperumselvi Street's 2024 figure below that median.

• Apparao Street: Rs 1,210 per sq.ft (2024)
• Bava Street: Rs 1,650 per sq.ft (2024)
• Chairman Sambasivam Street: Rs 1,100 per sq.ft (2024)
• Achukattu: Rs 1,100 per sq.ft (2024)
• Chappani Pillaiyar Kovil Street: Rs 2,200 per sq.ft (2024)
• Aasanbath Battarai Street (Or) Tolgate: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Arutperumselvi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arutperumselvi Street?

The Sub Registrar Office that covers Arutperumselvi 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 the registration process when buying or selling property in Kanchipuram Town. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs that buyers must consider. This ensures that both the buyer and seller are aware of the legal obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Arutperumselvi Street?

The current guideline value of Arutperumselvi 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 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot on Arutperumselvi Street, the total guideline value is Rs 13,20,000. The stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Arutperumselvi Street?

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

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property, which affects the stamp duty and registration fees. It ensures that property transactions are conducted transparently and legally.