Guideline Value for Javulikadai Sathiram (Gandhi Road)

Javulikadai Sathiram (Gandhi Road) guideline value

The current guideline value of Javulikadai Sathiram (Gandhi Road) is Rs 11,000 per sq.ft, effective from 1 July 2024. This area falls under the 2nd Division village and is registered with the Kanchipuram Joint IV SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Javulikadai Sathiram (Gandhi Road) has changed

The guideline value for Javulikadai Sathiram (Gandhi Road) has seen several revisions over the years. In 2012, the guideline value was Rs 10,000 per sq.ft, which decreased to Rs 6,700 per sq.ft in 2017. Following this, the value increased significantly to Rs 10,000 per sq.ft in 2023, before rising again to Rs 11,000 per sq.ft in 2024. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The jump from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in 2nd Division

In the 2nd Division village under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Javulikadai Sathiram (Gandhi Road) significantly above this median.

• Ithar Street: Rs 1,100 per sq.ft (2024)
• Itharpattarai Street: Rs 1,100 per sq.ft (2024)
• Jeeyar Narayanapalayam Street: Rs 1,100 per sq.ft (2024)
• Irumbu Santhu: Rs 5,500 per sq.ft (2024)
• Hospital Road: Rs 3,300 per sq.ft (2024)
• Kalvai karai Veeth (Bavaji Street): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Javulikadai Sathiram (Gandhi Road)

For a 1,000 sq.ft plot at the current rate of Rs 11,000 per sq.ft, the guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. 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 details.

Which Sub Registrar Office covers Javulikadai Sathiram (Gandhi Road)?

The Javulikadai Sathiram (Gandhi Road) area falls under 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 more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor when registering property transactions in the 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Javulikadai Sathiram (Gandhi Road)?

The current guideline value of Javulikadai Sathiram (Gandhi Road) is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2012 to Rs 6,700 per sq.ft in 2017, then increased to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

What is the land classification for Javulikadai Sathiram (Gandhi Road)?

The land classification for Javulikadai Sathiram (Gandhi Road) is Commercial Class I Type - I.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 1,10,00,000, the total fees would amount to Rs 9,90,000.

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

The Kanchipuram Joint IV Sub Registrar Office covers Javulikadai Sathiram (Gandhi Road) and is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.