Guideline Value for Bangarau Aasappan Street

Bangarau Aasappan Street guideline value

The current guideline value of Bangarau Aasappan 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 Bangarau Aasappan Street has changed

Over the years, the guideline value for Bangarau Aasappan Street has seen 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. Following that, the value increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 for these streets is Rs 1,650 per sq.ft, placing Bangarau Aasappan Street's 2024 figure below this median.

• Bakrapet Thumbavanam: Rs 1,100 per sq.ft (2024)
• Bakrapet Street: Rs 1,100 per sq.ft (2024)
• Bakrapet kilaku Street: Rs 1,100 per sq.ft (2024)
• Bhavapet Back Street: Rs 1,100 per sq.ft (2024)
• Bhavapet Street: Rs 1,100 per sq.ft (2024)
• Bus Stand: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bangarau Aasappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Bangarau Aasappan Street?

The Sub Registrar Office that covers Bangarau Aasappan Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property in 2nd Division, understanding the guideline value helps ensure that all financial obligations are met accurately. It is advisable to consult the guideline value register to stay informed about the current rates.

Frequently asked questions

What is the current guideline value of Bangarau Aasappan Street?

The current guideline value of Bangarau Aasappan 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 in 2012 to Rs 670 in 2017, then back to Rs 1,000 in 2023, and currently stands at Rs 1,100 in 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Bangarau Aasappan Street?

Bangarau Aasappan Street is classified as Residential Class II Type - II.

How is stamp duty calculated for property in Bangarau Aasappan Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 77,000.

Where is the Sub Registrar Office for Bangarau Aasappan Street located?

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