Guideline Value for Ashtapujam Sannathi Street

Ashtapujam Sannathi Street guideline value

The current guideline value of Ashtapujam Sannathi Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - II.

How the guideline value of Ashtapujam Sannathi Street has changed

Over the years, the guideline value for Ashtapujam Sannathi Street has undergone several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. The value increased to Rs 1,000 per sq.ft again in 2023, and the latest revision in 2024 raised it to Rs 1,100 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in 2nd Division

In the 2nd Division village under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Ashtapujam Sannathi Street's 2024 figure below this median.

• Ashtapujam Kumari Cheety Street: Rs 1,650 per sq.ft (2024)
• Ashtapujam Thendai Mada Street: Rs 1,100 per sq.ft (2024)
• Ashtapujam Keelandai 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 Sannathi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty is charged at 7%, totaling Rs 77,000, and the registration fee is 2%, amounting to Rs 22,000. Together, these fees amount to Rs 99,000. It is important to note that 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 information.

Which Sub Registrar Office covers Ashtapujam Sannathi Street?

The Sub Registrar Office that covers Ashtapujam Sannathi 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 plays a crucial role in the registration process when buying or selling property in 2nd Division. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Ashtapujam Sannathi Street?

The current guideline value of Ashtapujam Sannathi 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 for Ashtapujam Sannathi Street?

Ashtapujam Sannathi Street is classified as Residential Class II Type - II.

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

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

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price of the property.