Guideline Value for Ashtapujam Kumari Cheety Street

Ashtapujam Kumari Cheety Street guideline value

The current guideline value of Ashtapujam Kumari Cheety Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Ashtapujam Kumari Cheety Street has changed

Over the years, the guideline value of Ashtapujam Kumari Cheety Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the value at Rs 1,650 per sq.ft, a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the current 2024 figure, there has been a 10% increase in the guideline value.

Guideline values in 2nd Division

In the 2nd Division, 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 this area is Rs 1,650 per sq.ft, which is equal to the current guideline value of Ashtapujam Kumari Cheety Street.

• Ashtapujam Keelandai Street: Rs 1,100 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 Kumari Cheety Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty, charged at 7%, would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that 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 Ashtapujam Kumari Cheety Street?

The Sub Registrar Office covering Ashtapujam Kumari Cheety 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 2nd Division

The guideline value is a critical factor during the registration of property transactions in the 2nd Division. It serves as the minimum value at which properties must be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Ashtapujam Kumari Cheety Street?

The current guideline value of Ashtapujam Kumari Cheety Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the other streets in 2nd Division with their guideline values?

Other streets in 2nd Division include Ashtapujam Keelandai Street, Ashtapujam Sannathi Street, Ashtapujam Thendai Mada Street, Ashtapujam Veeranand Cheety Street, Arasamara Back Street, and Bakrapet kilaku Street, with values ranging from Rs 1,100 to Rs 1,320 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Ashtapujam Kumari Cheety Street?

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

How is the stamp duty calculated for properties in Ashtapujam Kumari Cheety Street?

Stamp duty for properties in Ashtapujam Kumari Cheety Street is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.