Guideline Value for Ashtapujam Keelandai Street

Ashtapujam Keelandai Street guideline value

The current guideline value for Ashtapujam Keelandai Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in 2nd Division village under the Kanchipuram Joint IV SRO and falls under the Residential Class II Type - II land classification.

How the guideline value of Ashtapujam Keelandai Street has changed

The guideline value for Ashtapujam Keelandai Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 670 per sq.ft. The value then increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,100 per sq.ft as per the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 10%.

Guideline values in 2nd Division

In 2nd Division under the Kanchipuram Joint IV SRO, there are 101 streets that 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. Ashtapujam Keelandai Street's 2024 figure is below this median.

• Ashtapujam Kumari Cheety Street: Rs 1,650 per sq.ft (2024)
• Ashtapujam Sannathi Street: Rs 1,100 per sq.ft (2024)
• Ashtapujam Thendai Mada Street: Rs 1,100 per sq.ft (2024)
• Ashtapujam Veeranand Cheety Street: Rs 1,320 per sq.ft (2024)
• Arasamara Back Street: Rs 1,100 per sq.ft (2024)
• Bakrapet kilaku Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ashtapujam Keelandai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to 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, making the total cost Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashtapujam Keelandai Street?

The Sub Registrar Office that covers Ashtapujam Keelandai 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 information.

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

When buying or selling property in 2nd Division, the guideline value is a crucial factor that determines the amount of stamp duty and registration fees payable. This value is set by the local authorities and is used to assess the market value of the property for taxation purposes.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ashtapujam Keelandai Street?

The current guideline value of Ashtapujam Keelandai 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 currently stands at Rs 1,100 per sq.ft in 2024.

What is the land classification of Ashtapujam Keelandai Street?

Ashtapujam Keelandai Street is classified under Residential Class II Type - II.

Where can I find the Sub Registrar Office for this street?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.