Guideline Value for BAVA STREET

Bava Street guideline value

The current guideline value of Bava Street in Kanchipuram Town village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Kanchipuram Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Bava Street has changed

The guideline value for Bava Street has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 1,005 per sq.ft. The value then increased to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,650 per sq.ft as of the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

Between the revisions, the changes were significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 10%.

Guideline values in Kanchipuram Town

Kanchipuram Town has a total of 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Bava Street.

• Chairman Sambasivam Street: Rs 1,100 per sq.ft (2024)
• Chappani Pillaiyar Kovil Street: Rs 2,200 per sq.ft (2024)
• Chemmbada Chinnapaiyan Street (Or) Angalamman Street: Rs 1,100 per sq.ft (2024)
• Arutperumselvi Street: Rs 1,320 per sq.ft (2024)
• Chettikulam Dharmaraja Kovil Street (Or) Palla Street: Rs 1,320 per sq.ft (2024)
• Chettikulam Silar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Bava Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to 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 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 Bava Street?

Bava Street is covered by the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kanchipuram Town

The guideline value plays a crucial role in property transactions in Kanchipuram Town. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. This value is set by the Registration Department and is updated periodically to reflect changes in the market.

When selling property, the guideline value ensures that the transaction is recorded accurately and fairly. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Bava Street?

The current guideline value of Bava 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 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 is now Rs 1,650 per sq.ft in 2024.

What is the median guideline value in Kanchipuram Town?

The median guideline value in Kanchipuram Town is Rs 1,650 per sq.ft, which is the same as the current value for Bava Street.

What are the stamp duty and registration fees for Bava Street?

For a 1,000 sq.ft plot at the guideline value of Rs 16,50,000, the stamp duty is Rs 1,15,500 and the registration fee is Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Bava Street?

The Kanchipuram Joint I Sub Registrar Office handles registrations for Bava Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Kanchipuram.