Guideline Value for KANIKANDEESWARAR KOIL STREET

Kanikandeeswarar Koil Street guideline value

The current guideline value of Kanikandeeswarar Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Kanikandeeswarar Koil Street has changed

Over the years, the guideline value for Kanikandeeswarar Koil Street has seen significant changes. In 2003, the value was Rs 326 per sq.ft, which rose to Rs 350 per sq.ft in 2007. The value then jumped to Rs 1,500 per sq.ft in 2012, before dropping to Rs 1,005 per sq.ft in 2017. The 2023 revision saw the value increase to Rs 1,500 per sq.ft, and the latest revision in 2024 has set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

In summary, the changes between revisions include a 49% rise from 2017 to 2023, a 33% decrease from 2012 to 2017, a substantial 329% increase from 2007 to 2012, and a 7% increase from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 406%. The register has no figure for the year 2002 for this street.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value in this division is Rs 1,320 per sq.ft, placing Kanikandeeswarar Koil Street's 2024 value above this median.

• Kanni Koil Street: Rs 1,100 per sq.ft (2024)
• Kamarajar Street: Rs 5,500 per sq.ft (2024)
• Karukkinil Ammarnthaval Koil Street: Rs 1,650 per sq.ft (2024)
• Katchabeswarar Merkku Mada Veethi: Rs 2,200 per sq.ft (2024)
• Katchabeswarar South Mada Veethi: Rs 2,200 per sq.ft (2024)
• Katchabeswarar Therkku Melandai Mada Veethi: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kanikandeeswarar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanikandeeswarar Koil Street?

The Sub Registrar Office that covers Kanikandeeswarar Koil Street is the Kanchipuram Joint II 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 KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in KANCHIPURAM TOWN 3rd DIVISION, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it reflects the official valuation for properties in the area. This value ensures transparency and consistency in property transactions, providing a benchmark for both parties involved.

Frequently asked questions

What is the current guideline value of Kanikandeeswarar Koil Street?

The current guideline value of Kanikandeeswarar Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 326 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 406% over this period.

What is the land classification of Kanikandeeswarar Koil Street?

Kanikandeeswarar Koil Street is classified as Residential Class I Type - III under the Kanchipuram Joint II SRO.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office handles registrations for Kanikandeeswarar Koil Street?

The Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone, handles registrations for Kanikandeeswarar Koil Street.