Guideline Value for Kalvai karai Veeth (Bavaji Street)

Kalvai karai Veeth (Bavaji Street) guideline value

The current guideline value of Kalvai karai Veeth (Bavaji Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - I.

How the guideline value of Kalvai karai Veeth (Bavaji Street) has changed

The guideline value for Kalvai karai Veeth (Bavaji Street) has undergone several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 2,000 per sq.ft. This figure remained the same in the subsequent revision in 2017, but it dropped significantly to Rs 1,340 per sq.ft. The value then increased to Rs 2,000 per sq.ft in 2023, and finally, it rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, followed by an increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in 2nd Division

In the 2nd Division village under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that the 2024 guideline value for Kalvai karai Veeth (Bavaji Street) is above this median.

• Kamarajar Street: Rs 5,500 per sq.ft (2024)
• Kamatchiamman Avenue / Vishnukanchi Road: Rs 1,100 per sq.ft (2024)
• Kannappan Street: Rs 1,100 per sq.ft (2024)
• Jeeyar Narayanapalayam Street: Rs 1,100 per sq.ft (2024)
• Javulikadai Sathiram (Gandhi Road): Rs 11,000 per sq.ft (2024)
• Ithar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kalvai karai Veeth (Bavaji Street)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalvai karai Veeth (Bavaji Street)?

The Kanchipuram Joint IV Sub Registrar Office covers Kalvai karai Veeth (Bavaji Street). The office is 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 2nd Division

The guideline value is a crucial factor in the registration process when buying or selling property in 2nd Division. It serves as a benchmark to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalvai karai Veeth (Bavaji Street)?

The current guideline value of Kalvai karai Veeth (Bavaji 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 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Kalvai karai Veeth (Bavaji Street)?

Kalvai karai Veeth (Bavaji Street) is classified as Residential Class I Type - I.

What is the median guideline value for streets in 2nd Division?

The median guideline value for streets in the 2nd Division village under the Kanchipuram Joint IV SRO is Rs 1,650 per sq.ft.

Where is the Kanchipuram Joint IV Sub Registrar Office located?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.