Guideline Value for Aladipillaiyar Koil Street

Aladipillaiyar Koil Street guideline value

The current guideline value of Aladipillaiyar 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 and is classified as Commercial Class I Type - III.

How the guideline value of Aladipillaiyar Koil Street has changed

The guideline value for Aladipillaiyar Koil Street has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 750 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2012, marking a remarkable increase of 433%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set the current value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

In summary, the guideline value has experienced an overall increase of 487% from the 2007 revision to the 2024 revision. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in 2nd Division

In the 2nd Division village under the Kanchipuram Joint IV SRO, 101 streets carry a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft, with a median value of Rs 1,650 per sq.ft. Aladipillaiyar Koil Street's 2024 figure of Rs 4,400 per sq.ft is significantly above this median.

• Aladi Pillaiyar Koil Street part (include Desigar Koil Street): Rs 4,400 per sq.ft (2024)
• Aladi Pillaiyar Koil Thoppu Street: Rs 880 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 Aladipillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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, making the total fees together Rs 3,96,000. It is important to note that the 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 Aladipillaiyar Koil Street?

The Aladipillaiyar Koil Street falls under 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 during the registration of property transactions in the 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aladipillaiyar Koil Street?

The current guideline value of Aladipillaiyar 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 increased from Rs 750 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 487% over the years.

What is the stamp duty for property on Aladipillaiyar Koil Street?

The stamp duty for property on Aladipillaiyar Koil Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Aladipillaiyar Koil Street?

The Kanchipuram Joint IV Sub Registrar Office covers Aladipillaiyar Koil Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the land classification of Aladipillaiyar Koil Street?

Aladipillaiyar Koil Street is classified as Commercial Class I Type - III.