Guideline Value for DEVARAJAPURAM VENUGOPALAN STREET

Devarajapuram Venugopalan Street guideline value

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

How the guideline value of Devarajapuram Venugopalan Street has changed

The guideline value for Devarajapuram Venugopalan Street has seen several revisions over the years. 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 this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and finally rose to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between revisions include a significant 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 guideline value is Rs 1,650 per sq.ft, making the 2024 figure for Devarajapuram Venugopalan Street below that median.

• Devarajapuram Govindhan 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 Venugopalan 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, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Please 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 details.

Which Sub Registrar Office covers Devarajapuram Venugopalan Street?

The Sub Registrar Office that covers Devarajapuram Venugopalan 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 information.

How the guideline value is used when you buy or sell in Kanchipuram Town

The guideline value is a crucial factor when buying or selling property in Kanchipuram Town, as it determines the amount of stamp duty and registration fees payable. Buyers should be aware that the guideline value is set by the government and reflects the minimum value for property transactions in the area.

When registering a property, the guideline value is used to calculate the applicable taxes and fees, ensuring that the transaction complies with legal requirements. It is important for both buyers and sellers to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Devarajapuram Venugopalan Street?

The current guideline value of Devarajapuram Venugopalan 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 of Devarajapuram Venugopalan Street?

Devarajapuram Venugopalan Street is classified as Residential Class III Type - III.

How does the guideline value compare to other streets in Kanchipuram Town?

The guideline value of Rs 1,100 per sq.ft for Devarajapuram Venugopalan Street is below the median guideline value of Rs 1,650 per sq.ft for other streets in Kanchipuram Town.

Where can I find the Sub Registrar Office for this street?

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