Guideline Value for Daivasigamani Street

Daivasigamani Street guideline value

The current guideline value of Daivasigamani Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Residential Special Type - I.

How the guideline value of Daivasigamani Street has changed

The guideline value for Daivasigamani Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 3,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,345 per sq.ft. However, in the 2023 revision, the value increased significantly to Rs 3,500 per sq.ft, marking a 49% rise from the previous figure. The latest revision in 2024 has further increased the guideline value to Rs 3,850 per sq.ft, reflecting a 10% increase from the 2023 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Daivasigamani Street. 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 that carry a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Daivasigamani Street's 2024 figure above this median.

• Darga Santhu: Rs 5,500 per sq.ft (2024)
• Desichettypalayam Street: Rs 1,100 per sq.ft (2024)
• Dr Ambethkar Nagar: Rs 880 per sq.ft (2024)
• Chairman A.K.Thangavel Street: Rs 880 per sq.ft (2024)
• Bus Stand: Rs 5,500 per sq.ft (2024)
• Bhavapet Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Daivasigamani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Daivasigamani Street?

The Sub Registrar Office that covers Daivasigamani 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 additional 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 of property transactions in the 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a sale, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the transaction is legally recognized and that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value of Daivasigamani Street?

The current guideline value of Daivasigamani Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, with several revisions in between, including a significant increase of 49% from 2017 to 2023.

What is the land classification of Daivasigamani Street?

Daivasigamani Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Daivasigamani Street?

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

How is the stamp duty calculated for properties in Daivasigamani Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 3,46,500.