Guideline Value for Ashtapujam Veeranand Cheety Street

Ashtapujam Veeranand Cheety Street guideline value

The current guideline value of Ashtapujam Veeranand Cheety Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

How the guideline value of Ashtapujam Veeranand Cheety Street has changed

The guideline value for Ashtapujam Veeranand Cheety Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision, reflecting a -33% change. The subsequent revision in 2023 saw an increase to Rs 1,200 per sq.ft, followed by another increase to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From the 2012 revision to the 2024 revision, the overall change in the guideline value is +10%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

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 these streets is Rs 1,650 per sq.ft, indicating that Ashtapujam Veeranand Cheety Street's 2024 figure is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. 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 Ashtapujam Veeranand Cheety Street?

The Sub Registrar Office that covers Ashtapujam Veeranand Cheety Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, in the 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 during the registration process for property transactions in the 2nd Division. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall costs involved in the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Ashtapujam Veeranand Cheety Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the classification of Ashtapujam Veeranand Cheety Street?

Ashtapujam Veeranand Cheety Street is classified as Residential Class II Type - I.

Which Sub Registrar Office is responsible for this street?

The Kanchipuram Joint IV Sub Registrar Office is responsible for Ashtapujam Veeranand Cheety Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 13,20,000 would incur a stamp duty of Rs 92,400 at 7%.