Guideline Value for KAMATCHIAMMAN SANNATHI STREET

Kamatchiamman Sannathi Street guideline value

The current guideline value of Kamatchiamman Sannathi Street is Rs 2,200 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 I Type - III.

How the guideline value of Kamatchiamman Sannathi Street has changed

The guideline value of Kamatchiamman Sannathi Street has seen several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, reflecting a rise of 186%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The following revision in 2017 raised the value to Rs 2,000 per sq.ft in 2023, an increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 214%.

Guideline values in Kanchipuram Town

Kanchipuram Town has 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 Kamatchiamman Sannathi Street's 2024 figure above this median.

• Kamatchiamman North Mada Street: Rs 1,650 per sq.ft (2024)
• Kamatchiamman South Mada Street: Rs 1,650 per sq.ft (2024)
• Kamatchiamman West Mada Street: Rs 1,650 per sq.ft (2024)
• Kamaraj Street(A) Nagar: Rs 1,100 per sq.ft (2024)
• Kanagasubbrayar Street: Rs 2,750 per sq.ft (2024)
• Kalandar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchiamman Sannathi Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Kamatchiamman Sannathi Street?

The Sub Registrar Office that covers Kamatchiamman Sannathi 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 the registration process of property transactions in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation or overvaluation of properties. This process aids in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Kamatchiamman Sannathi Street?

The current guideline value of Kamatchiamman Sannathi Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 214% over the years.

What are the stamp duty and registration fees for properties on this street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Which office handles the registration for Kamatchiamman Sannathi Street?

The Kanchipuram Joint I Sub Registrar Office handles the registration for Kamatchiamman Sannathi Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Kanchipuram.

What is the median guideline value for streets in Kanchipuram Town?

The median guideline value for streets in Kanchipuram Town is Rs 1,650 per sq.ft, with Kamatchiamman Sannathi Street's value being above this median.