Guideline Value for CHENGALVARAYAN OTHA VADAI STREET

Chengalvarayan Otha Vadai Street guideline value

The current guideline value of Chengalvarayan Otha Vadai Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO and is classified as Residential Class III Type - I.

How the guideline value of Chengalvarayan Otha Vadai Street has changed

The guideline value for Chengalvarayan Otha Vadai Street has undergone several revisions over the years. In 2003, the guideline value was Rs 238 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a growth of 47%. The value then jumped significantly to Rs 800 per sq.ft in 2012, representing a 129% increase. However, it saw a decrease to Rs 536 per sq.ft in 2017, which was a decline of 33%. The value rose again to Rs 800 per sq.ft in 2023, and most recently, it has increased to Rs 880 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2003 to 2024, the guideline value has increased by 270%. It is important to note that the register has no figure for this street in 2002.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that have a guideline value for 2024, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this division is Rs 1,320 per sq.ft, placing Chengalvarayan Otha Vadai Street's 2024 figure below that median.

• Bathirakali Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Eagamugan Street: Rs 880 per sq.ft (2024)
• Avakuttai Street: Rs 1,320 per sq.ft (2024)
• Ananthoji Pandithar Street: Rs 1,320 per sq.ft (2024)
• Aladi Pillaiyar Koil Street: Rs 4,400 per sq.ft (2024)
• Akkanam Palaya Street (A) Charman Samynathamudhali Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Chengalvarayan Otha Vadai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees together to Rs 79,200. It is essential to note that the 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 Chengalvarayan Otha Vadai Street?

The Chengalvarayan Otha Vadai Street is covered by the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501. You can find your SRO for more information.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor during property registration in KANCHIPURAM TOWN 3rd DIVISION. It helps determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is set by the government and reflects the minimum value at which properties in the area are assessed.

When registering a property, the guideline value serves as a benchmark for calculating the applicable taxes and fees. It is essential for both parties to understand that the final sale price must be equal to or greater than the guideline value to ensure compliance with local registration laws.

Frequently asked questions

What is the current guideline value of Chengalvarayan Otha Vadai Street?

The current guideline value of Chengalvarayan Otha Vadai 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 increased from Rs 238 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, marking an overall increase of 270% over this period.

What is the median guideline value in KANCHIPURAM TOWN 3rd DIVISION?

The median guideline value in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, which is higher than the current value of Chengalvarayan Otha Vadai Street.

What fees are associated with property transactions in Chengalvarayan Otha Vadai Street?

When purchasing property, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

The Kanchipuram Joint II Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501. You can find more details online.