Guideline Value for AVAKUTTAI STREET

Avakuttai Street guideline value

The current guideline value of Avakuttai 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 Avakuttai Street has changed

The guideline value for Avakuttai Street has undergone several revisions over the years. The earliest recorded value was Rs 288 per sq.ft in 2003, which increased to Rs 350 per sq.ft in 2007, marking a rise of 22%. By 2012, the value had significantly increased to Rs 1,200 per sq.ft, reflecting a substantial growth of 243%. However, in 2017, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The value then rose again to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,320 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 358%. It is important to note that there is no figure available for Avakuttai Street in the 2002 revision.

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 is Rs 1,320 per sq.ft, which is the same as the guideline value for Avakuttai Street.

• Bathirakali Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Ananthoji Pandithar Street: Rs 1,320 per sq.ft (2024)
• Aladi Pillaiyar Koil Street: Rs 4,400 per sq.ft (2024)
• Akkanam Palaya Street (A) Charman Samynathamudhali Street: Rs 880 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 Avakuttai 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, totaling 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 Avakuttai Street?

The Sub Registrar Office that covers Avakuttai 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 critical factor in property transactions in KANCHIPURAM TOWN 3rd DIVISION, as it determines the minimum value at which properties can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements and to understand the financial implications of their transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of ownership. This ensures that all property transactions are conducted fairly and transparently within the framework established by the local authorities.

Frequently asked questions

What is the current guideline value of Avakuttai Street?

The current guideline value of Avakuttai 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 288 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 358% over the years.

What is the land classification for Avakuttai Street?

Avakuttai Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Avakuttai Street?

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

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 and a registration fee of Rs 26,400.