Guideline Value for KANCHI VARADHARAJAR NAGAR

Kanchi Varadharajar Nagar guideline value

The current guideline value of Kanchi Varadharajar Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Periyamadurapakkam village and is registered with the Walajabad SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Kanchi Varadharajar Nagar has changed

The guideline value for Kanchi Varadharajar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. Following this, the 2023 revision maintained the value at Rs 100 per sq.ft, which remains unchanged in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%, and from 2017 to 2023, the value dropped by 50%. Overall, the guideline value has decreased by 67% from the 2012 revision to the current 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Periyamadurapakkam

Currently, there are no specific guideline values provided for other streets in Periyamadurapakkam. Kanchi Varadharajar Nagar is the only street mentioned under the Walajabad SRO.

Stamp duty and registration fee for property in Kanchi Varadharajar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 Kanchi Varadharajar Nagar?

The Sub Registrar Office that covers Kanchi Varadharajar Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Periyamadurapakkam

The guideline value plays a crucial role during the registration of property transactions in Periyamadurapakkam. 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 property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Kanchi Varadharajar Nagar?

The current guideline value of Kanchi Varadharajar Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has decreased from Rs 300 per sq.ft in 2012 to Rs 100 per sq.ft in 2024, representing an overall decline of 67% over this period.

What is the stamp duty rate for properties in Kanchi Varadharajar Nagar?

The stamp duty rate for properties in Kanchi Varadharajar Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the registration office for Kanchi Varadharajar Nagar?

The registration office for Kanchi Varadharajar Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

Are there other streets in Periyamadurapakkam with guideline values?

Currently, there are no other streets in Periyamadurapakkam listed with specific guideline values in the register.