Guideline Value for Amankara Street

Amankara Street guideline value

The current guideline value of Amankara Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

How the guideline value of Amankara Street has changed

The guideline value for Amankara Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, and in the latest revision for 2024, it rose to Rs 880 per sq.ft, marking a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 in the register for Amankara Street. Overall, from 2012 to 2024, the guideline value has increased by 10% despite the fluctuations observed in the interim revisions.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 3,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is equal to the current guideline value of Amankara Street.

• Amudapadi Back Street: Rs 1,100 per sq.ft (2024)
• Amudhapadi Street: Rs 1,100 per sq.ft (2024)
• Aathisankarar Nagar: Rs 880 per sq.ft (2024)
• Anna Avenue: Rs 880 per sq.ft (2024)
• Aanaikatty Street: Rs 800 per sq.ft (2024)
• Anuman Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Amankara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. 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 Amankara Street?

The Sub Registrar Office that covers Amankara 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 more details.

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

The guideline value is a crucial factor in property transactions within Ist Division. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Amankara Street?

The current guideline value of Amankara Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Amankara Street?

Amankara Street is classified as Residential Class II Type - I.

Where can I find the registration office for Amankara Street?

The registration office for Amankara Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

How is the stamp duty calculated for properties in Amankara Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.