Guideline Value for Birunthavanam Street @ Palla Street

Birunthavanam Street @ Palla Street guideline value

The current guideline value for Birunthavanam Street @ Palla Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in the Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - I.

How the guideline value of Birunthavanam Street @ Palla Street has changed

In the 2012 revision, the guideline value was Rs 800 per sq.ft. It then decreased to Rs 536 per sq.ft in the 2017 revision, representing a decline of 33%. The following revision in 2023 saw an increase to Rs 800 per sq.ft, and the current 2024 figure is Rs 880 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The most significant change occurred between 2017 and 2023, with a 49% increase in the guideline value.

Guideline values in Ist Division

Birunthavanam Street @ Palla Street's 2024 guideline value of Rs 880 per sq.ft is equal to the median guideline value of Rs 880 per sq.ft among the 79 streets in Ist Division under the Kanchipuram Joint IV SRO, which range from Rs 800 to Rs 3,300 per sq.ft.

• Chakkarathazhvar Nagar: Rs 880 per sq.ft (2024)
• Cheety Street @ C.V.Rajagopal Street: Rs 2,200 per sq.ft (2024)
• Chengalpet Road: Rs 1,430 per sq.ft (2024)
• Chetty Street: Rs 2,200 per sq.ft (2024)
• Cross Back Street: Rs 1,650 per sq.ft (2024)
• Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Birunthavanam Street @ Palla Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Birunthavanam Street @ Palla Street?

The Kanchipuram Joint IV Sub Registrar Office covers Birunthavanam Street @ Palla Street. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ist Division. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When buying or selling property, the guideline value is used to determine the official value of the property for registration purposes. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Birunthavanam Street @ Palla Street?

The current guideline value of Birunthavanam Street @ Palla Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Birunthavanam Street @ Palla Street?

Birunthavanam Street @ Palla Street is classified as Residential Class II Type - I.

Where can I find the Kanchipuram Joint IV Sub Registrar Office?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.