Guideline Value for DHAMALVAR STREET

Dhamalvar Street guideline value

The current guideline value of Dhamalvar Street in Kanchipuram Town village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Kanchipuram Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Dhamalvar Street has changed

Over the years, the guideline value of Dhamalvar Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision raised it further to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value has been an increase of 10%. The most significant jump occurred between the 2017 and 2023 revisions, where the value increased by 49% from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft.

Guideline values in Kanchipuram Town

Kanchipuram Town has a total of 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 for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Dhamalvar Street.

• Dhamalvar Poonthotta Street: Rs 1,650 per sq.ft (2024)
• Devarajapuram Venugopalan Street: Rs 1,100 per sq.ft (2024)
• Devarajapuram Govindhan Street: Rs 1,100 per sq.ft (2024)
• East Raja Street: Rs 3,300 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)

Stamp duty and registration fee for property in Dhamalvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total of these fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dhamalvar Street?

The Sub Registrar Office that covers Dhamalvar 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 in property transactions in Kanchipuram Town. It serves as the minimum value at which properties must be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware of the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Dhamalvar Street?

The current guideline value of Dhamalvar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase overall. Notably, there was a significant increase of 49% from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

What is the land classification for Dhamalvar Street?

Dhamalvar Street is classified as Residential Class II Type - III, which indicates its intended use for residential purposes.

Where is the Kanchipuram Joint I Sub Registrar Office located?

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

How is stamp duty calculated on properties in Dhamalvar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.