Guideline Value for Aladi Pillaiyar Koil Street Part (Inlcude Desigar Koil Street)

Aladi Pillaiyar Koil Street part (inlcude Desigar Koil Street) guideline value

The current guideline value for Aladi Pillaiyar Koil Street part (inlcude Desigar Koil Street) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Commercial Class I Type - III.

How the guideline value of Aladi Pillaiyar Koil Street part (inlcude Desigar Koil Street) has changed

The guideline value for Aladi Pillaiyar Koil Street part (inlcude Desigar Koil Street) has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value increased to Rs 4,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The changes between the revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in 2nd Division

In the 2nd Division village, there are 101 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Aladi Pillaiyar Koil Street part (inlcude Desigar Koil Street) above that median.

• Aladi Pillaiyar Koil Thoppu Street: Rs 880 per sq.ft (2024)
• Aladipillaiyar Koil Street: Rs 4,400 per sq.ft (2024)
• Adisonpet Gandhi Road: Rs 11,000 per sq.ft (2024)
• Adisonpet Cheety Street: Rs 3,300 per sq.ft (2024)
• Ambethkar Kalani: Rs 880 per sq.ft (2024)
• Aanandapet Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Aladi Pillaiyar Koil Street part (inlcude Desigar Koil Street)

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aladi Pillaiyar Koil Street part (inlcude Desigar Koil Street)?

The Sub Registrar Office that covers Aladi Pillaiyar Koil Street part (inlcude Desigar Koil Street) is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor in the registration process when buying or selling property in the 2nd Division. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately and fairly.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Aladi Pillaiyar Koil Street part (inlcude Desigar Koil Street)?

The current guideline value for Aladi Pillaiyar Koil Street part (inlcude Desigar 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 from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for this street?

Aladi Pillaiyar Koil Street part (inlcude Desigar Koil Street) is classified as Commercial Class I Type - III.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for this street?

The Kanchipuram Joint IV Sub Registrar Office handles the registration for Aladi Pillaiyar Koil Street part (inlcude Desigar Koil Street), located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.