Guideline Value for KARPAGAPILLAIYAR KOVIL STREET

Karpagapillaiyar Kovil Street guideline value

The current guideline value of Karpagapillaiyar Kovil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village and falls under the Kanchipuram Joint I SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Karpagapillaiyar Kovil Street has changed

The guideline value for Karpagapillaiyar Kovil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. In 2023, the value increased to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change in guideline value is an increase of 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kanchipuram Town

Kanchipuram Town has a total of 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 is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Karpagapillaiyar Kovil Street.

• Kanagasubbrayar Street: Rs 2,750 per sq.ft (2024)
• Kollachathiram Street: Rs 1,650 per sq.ft (2024)
• Kamatchiamman West Mada Street: Rs 1,650 per sq.ft (2024)
• Kamatchiamman South Mada Street: Rs 1,650 per sq.ft (2024)
• Kamatchiamman Sannathi Street: Rs 2,200 per sq.ft (2024)
• Kamatchiamman North Mada Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Karpagapillaiyar Kovil Street

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

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

Which Sub Registrar Office covers Karpagapillaiyar Kovil Street?

The Karpagapillaiyar Kovil Street is covered by the Kanchipuram Joint I Sub Registrar Office. The address is No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Kanchipuram Town. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the official value of the transaction, which can affect the overall costs involved. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karpagapillaiyar Kovil Street?

The current guideline value of Karpagapillaiyar Kovil 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 changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for Karpagapillaiyar Kovil 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 covers Karpagapillaiyar Kovil Street?

The Karpagapillaiyar Kovil Street is covered by the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

What is the land classification for Karpagapillaiyar Kovil Street?

The land classification for Karpagapillaiyar Kovil Street is Residential Class II Type - III.