Guideline Value for Amudapadi Back Street

Amudapadi Back Street guideline value

The current guideline value of Amudapadi Back Street is Rs 1,100 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 I Type - III.

How the guideline value of Amudapadi Back Street has changed

The guideline value for Amudapadi Back Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft, representing a decrease of 33%. The value then increased significantly to Rs 1,000 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In Ist Division village, 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, placing Amudapadi Back Street's 2024 figure above this median.

• Amudhapadi Street: Rs 1,100 per sq.ft (2024)
• Anna Avenue: Rs 880 per sq.ft (2024)
• Amankara Street: Rs 880 per sq.ft (2024)
• Anuman Nagar: Rs 880 per sq.ft (2024)
• Arignaar Anna Nagar: Rs 880 per sq.ft (2024)
• Aathisankarar Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Amudapadi Back Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amudapadi Back Street?

The Kanchipuram Joint IV Sub Registrar Office covers Amudapadi Back Street. The office is 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 Ist Division

The guideline value plays a crucial role during the registration of property transactions in Ist Division. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value is referenced to ensure that the appropriate taxes are calculated based on either the guideline value or the sale price, whichever is higher. This ensures compliance with local regulations and helps in the accurate assessment of property transactions.

Frequently asked questions

What is the current guideline value of Amudapadi Back Street?

The current guideline value of Amudapadi Back Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Amudapadi Back Street?

Amudapadi Back Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would be Rs 99,000.

Where is the Kanchipuram Joint IV Sub Registrar Office located?

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