Guideline Value for Chairman A.K.Thangavel Street

Chairman A.K.Thangavel Street guideline value

The current guideline value of Chairman A.K.Thangavel Street is Rs 880 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 III Type - I.

How the guideline value of Chairman A.K.Thangavel Street has changed

In the 2012 revision, the guideline value was Rs 800 per sq.ft. This figure remained the same until the 2017 revision, which saw a decrease to Rs 536 per sq.ft. Following that, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and then to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in 2nd Division

In the 2nd Division, there are 101 streets under the Kanchipuram Joint IV SRO, with guideline values ranging from Rs 800 to Rs 11,000 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Chairman A.K.Thangavel Street's 2024 figure below this median.

• Bus Stand: Rs 5,500 per sq.ft (2024)
• Bhavapet Street: Rs 1,100 per sq.ft (2024)
• Bhavapet Back Street: Rs 1,100 per sq.ft (2024)
• Daivasigamani Street: Rs 3,850 per sq.ft (2024)
• Darga Santhu: Rs 5,500 per sq.ft (2024)
• Desichettypalayam Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chairman A.K.Thangavel Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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 Chairman A.K.Thangavel Street?

The Sub Registrar Office covering Chairman A.K.Thangavel Street is the Kanchipuram Joint IV Sub Registrar Office, 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 2nd Division

The guideline value is a crucial factor in the registration process when buying or selling property in the 2nd Division. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Chairman A.K.Thangavel Street?

The current guideline value of Chairman A.K.Thangavel Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, starting at Rs 800 per sq.ft in 2012, dropping to Rs 536 per sq.ft in 2017, rising to Rs 800 per sq.ft in 2023, and finally reaching Rs 880 per sq.ft in 2024.

What is the land classification for Chairman A.K.Thangavel Street?

Chairman A.K.Thangavel Street is classified as Residential Class III Type - I, indicating its designation for residential purposes.

Where can I find the registration office for this area?

The registration office for Chairman A.K.Thangavel Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the median guideline value in 2nd Division?

The median guideline value in the 2nd Division is Rs 1,650 per sq.ft, which is higher than the current guideline value of Chairman A.K.Thangavel Street.