Guideline Value for KAVALAN STREET

Kavalan Street guideline value

The current guideline value of Kavalan Street in KANCHIPURAM TOWN 3rd DIVISION is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Kavalan Street has changed

The guideline value for Kavalan Street has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 318 per sq.ft. This value increased significantly to Rs 500 per sq.ft in 2007, followed by a remarkable rise to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017. The 2023 revision saw it rise again to Rs 2,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 2,200 per sq.ft.

In terms of percentage changes, the value increased by 10% from 2023 to 2024, by 49% from 2017 to 2023, and decreased by 33% from 2012 to 2017. The jump from 2007 to 2012 was an impressive 300%, and the increase from 2003 to 2007 was 57%. Overall, from 2003 to 2024, the guideline value has risen by 592%. 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 for these streets is Rs 1,320 per sq.ft, placing Kavalan Street's 2024 figure above the median.

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

Stamp duty and registration fee for property in Kavalan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total amount to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kavalan Street?

Kavalan Street is covered by 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 crucial factor in the registration process when buying or selling property. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Buyers and sellers must be aware of the current guideline values to ensure they are paying the correct fees during the registration process. This value is regularly updated to reflect changes in the real estate market and is essential for legal transactions in the KANCHIPURAM TOWN 3rd DIVISION.

Frequently asked questions

What is the current guideline value of Kavalan Street?

The current guideline value of Kavalan Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 318 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, with various increases and decreases 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 Kavalan Street's value above this median.

What are the stamp duty rates for properties in Kavalan Street?

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

Where can I find the Sub Registrar Office for Kavalan Street?

The Kanchipuram Joint II Sub Registrar Office covers Kavalan Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.