Guideline Value for Kathiri Street @ Velathamman Koil Street

Kathiri Street @ Velathamman Koil Street guideline value

The current guideline value of Kathiri Street @ Velathamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in the Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - III.

How the guideline value of Kathiri Street @ Velathamman Koil Street has changed

The guideline value for Kathiri Street @ Velathamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,100 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ist Division

In the Ist Division village, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 3,300 per sq.ft, with a median value of Rs 880 per sq.ft. Kathiri Street @ Velathamman Koil Street's 2024 figure is above this median.

• Kavalar Housing Board: Rs 1,650 per sq.ft (2024)
• K.M.Avenue: Rs 880 per sq.ft (2024)
• K.M.V.Nagar: Rs 880 per sq.ft (2024)
• Kosa Street @ ThiruNeelakandar Street: Rs 800 per sq.ft (2024)
• Kammal Street @ Bangaramman Street: Rs 800 per sq.ft (2024)
• Krishnasamy Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kathiri Street @ Velathamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kathiri Street @ Velathamman Koil Street?

The Kanchipuram Joint IV Sub Registrar Office covers Kathiri Street @ Velathamman Koil 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 Ist Division

The guideline value is a crucial factor in the registration process when buying or selling property in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in property transactions. Buyers and sellers should be aware of the guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Kathiri Street @ Velathamman Koil Street?

The current guideline value of Kathiri Street @ Velathamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from 2024.

What is the classification of the land on Kathiri Street @ Velathamman Koil Street?

The land on Kathiri Street @ Velathamman Koil Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Kathiri Street @ Velathamman Koil Street?

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

How is stamp duty calculated for properties in Kathiri Street @ Velathamman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000, leading to a stamp duty of Rs 77,000.