Guideline Value for KARUKKINIL AMMARNTHAVAL KOIL STREET

Karukkinil Ammarnthaval Koil Street guideline value

The current guideline value of Karukkinil Ammarnthaval 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, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Karukkinil Ammarnthaval Koil Street has changed

The guideline value for Karukkinil Ammarnthaval Koil Street has seen several revisions over the years. Starting from Rs 319 per sq.ft in 2003, the value increased to Rs 350 per sq.ft in 2007, marking a 10% rise. The value then surged significantly to Rs 1,500 per sq.ft in 2012, reflecting a 329% increase. However, it dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value climbed again to Rs 1,500 per sq.ft in 2023, and as of the latest revision in 2024, the guideline value stands at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 417%. It is important to note that there is no figure available for the year 2002 in the register 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 guideline value in this division is Rs 1,320 per sq.ft, placing Karukkinil Ammarnthaval Koil Street's 2024 figure above that median.

• 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)
• Kanni Koil Stret: Rs 1,100 per sq.ft (2024)
• Kavalan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Karukkinil Ammarnthaval 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 amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Karukkinil Ammarnthaval Koil Street?

The Sub Registrar Office that covers Karukkinil Ammarnthaval Koil Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor when registering property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value impacts the stamp duty and registration fees, which are calculated based on this value. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Karukkinil Ammarnthaval Koil Street?

The current guideline value of Karukkinil Ammarnthaval 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 changed from Rs 319 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 417% over the years.

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

The median guideline value in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, with Karukkinil Ammarnthaval Koil Street's 2024 figure being above this median.

What are the stamp duty and registration fees for property in this area?

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 office handles registrations for Karukkinil Ammarnthaval Koil Street?

The Kanchipuram Joint II Sub Registrar Office handles registrations for Karukkinil Ammarnthaval Koil Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.