Guideline Value for DEVARAJAPURAM GOVINDHAN STREET

Devarajapuram Govindhan Street guideline value

The current guideline value of Devarajapuram Govindhan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village and falls under the Kanchipuram Joint I SRO. The land classification for this street is Residential Class III Type - III.

How the guideline value of Devarajapuram Govindhan Street has changed

The guideline value for Devarajapuram Govindhan Street has undergone several revisions over the years. The earliest available revision is from 2012, where the value was set at Rs 1,000 per sq.ft. This figure remained until the next revision in 2017, which saw a decrease to Rs 670 per sq.ft, marking a -33% change. In 2023, the value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 1,100 per sq.ft, reflecting a +10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by +10%.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 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 for these streets is Rs 1,650 per sq.ft, placing Devarajapuram Govindhan Street's current value below this median.

• Devarajapuram Venugopalan Street: Rs 1,100 per sq.ft (2024)
• Dhamalvar Poonthotta Street: Rs 1,650 per sq.ft (2024)
• Dhamalvar Street: Rs 1,650 per sq.ft (2024)
• Chettikulam Silar Street: Rs 1,320 per sq.ft (2024)
• Chettikulam Dharmaraja Kovil Street (Or) Palla Street: Rs 1,320 per sq.ft (2024)
• Chemmbada Chinnapaiyan Street (Or) Angalamman Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Devarajapuram Govindhan 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devarajapuram Govindhan Street?

The Sub Registrar Office that covers Devarajapuram Govindhan Street is 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 is a crucial factor in the registration process when buying or selling property in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Devarajapuram Govindhan Street?

The current guideline value of Devarajapuram Govindhan 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 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Devarajapuram Govindhan Street?

The land classification for Devarajapuram Govindhan Street is Residential Class III Type - III.

What is the median guideline value in Kanchipuram Town?

The median guideline value for streets in Kanchipuram Town under the Kanchipuram Joint I SRO is Rs 1,650 per sq.ft.

Where can I find the Sub Registrar Office for Devarajapuram Govindhan Street?

The Sub Registrar Office for Devarajapuram Govindhan Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.