Guideline Value for IRRTTAIPILLAIYAR KOVIL STREET

Irrttaipillaiyar Kovil Street guideline value

The current guideline value of Irrttaipillaiyar Kovil Street is Rs 1,100 per sq.ft, effective from the 2024 revision. 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 Irrttaipillaiyar Kovil Street has changed

The guideline value for Irrttaipillaiyar Kovil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 670 per sq.ft. However, the value saw a significant increase in the following revisions, rising to Rs 1,000 per sq.ft in 2023 and then to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register 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 for these streets is Rs 1,650 per sq.ft, placing the guideline value of Irrttaipillaiyar Kovil Street below this median.

• Hospital Street (Or) Madhangeeswarar Kovil Street: Rs 3,300 per sq.ft (2024)
• Jawagarlal Street (Or) Big Kammala Street: Rs 2,310 per sq.ft (2024)
• Kalandar Street: Rs 1,650 per sq.ft (2024)
• Kamaraj Street(A) Nagar: Rs 1,100 per sq.ft (2024)
• Kamatchiamman North Mada Street: Rs 1,650 per sq.ft (2024)
• Kamatchiamman Sannathi Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Irrttaipillaiyar Kovil 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 fees together to Rs 99,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Irrttaipillaiyar Kovil Street?

The Sub Registrar Office that covers Irrttaipillaiyar Kovil 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. For more information, you can find your SRO.

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. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue based on the property's value as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Irrttaipillaiyar Kovil Street?

The current guideline value of Irrttaipillaiyar Kovil 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 are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers this area?

The Kanchipuram Joint I Sub Registrar Office covers Irrttaipillaiyar Kovil Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Kanchipuram.

What is the land classification for Irrttaipillaiyar Kovil Street?

Irrttaipillaiyar Kovil Street is classified as Residential Class III Type - III according to the guideline value register.