Guideline Value for KANNI KOIL STRET

Kanni Koil Stret guideline value

The current guideline value of Kanni Koil Stret is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Kanni Koil Stret has changed

The guideline value for Kanni Koil Stret has seen several revisions over the years. The earliest available figure is from the 2007 revision, which was Rs 250 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 300% rise. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The 2023 revision set the value at Rs 1,000 per sq.ft, which then rose to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% increase. Notably, 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 340%. The changes between 2017 and 2023 show a notable increase of 49%, indicating a significant adjustment in the value over recent years.

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 guideline value for these streets is Rs 1,320 per sq.ft, placing Kanni Koil Stret's 2024 value below this median.

• Karukkinil Ammarnthaval Koil Street: Rs 1,650 per sq.ft (2024)
• Kanikandeeswarar 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)
• Katchiyappan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kanni Koil Stret

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, making the total fees 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanni Koil Stret?

Kanni Koil Stret falls under the jurisdiction of 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 plays a crucial role in the registration process of property transactions in KANCHIPURAM TOWN 3rd DIVISION. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is assessed to ensure that the appropriate fees are collected based on the property's value. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kanni Koil Stret?

The current guideline value of Kanni Koil Stret 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 significantly from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the stamp duty rates for properties in Kanni Koil Stret?

The stamp duty for properties in Kanni Koil Stret is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kanni Koil Stret?

The Kanchipuram Joint II Sub Registrar Office covers Kanni Koil Stret and is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the median guideline value of streets in KANCHIPURAM TOWN 3rd DIVISION?

The median guideline value for streets in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, with Kanni Koil Stret's 2024 value being below this median.