Guideline Value for MANDU KANNESWARAR KOIL STREET

Mandu Kanneswarar Koil Street guideline value

The current guideline value of Mandu Kanneswarar Koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Mandu Kanneswarar Koil Street has changed

The guideline value of Mandu Kanneswarar Koil Street has seen several revisions over the years. In 2003, the value was Rs 378 per sq.ft, which increased to Rs 400 per sq.ft in 2007, marking a 6% rise. The value then surged by 200% to Rs 1,200 per sq.ft in 2012, before dropping by 33% to Rs 804 per sq.ft in 2017. The subsequent revision in 2023 saw a significant increase of 49%, bringing the value to Rs 1,200 per sq.ft, and the latest revision in 2024 raised it to Rs 1,320 per sq.ft, a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 249%.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 1,320 per sq.ft, making the guideline value of Mandu Kanneswarar Koil Street equal to this median.

• Mandaba Street: Rs 1,650 per sq.ft (2024)
• Mathanam Palayam Street: Rs 880 per sq.ft (2024)
• Madam Street: Rs 2,200 per sq.ft (2024)
• Lingappan Palayam Street: Rs 880 per sq.ft (2024)
• Krishnan Street: Rs 1,100 per sq.ft (2024)
• Kavalan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mandu Kanneswarar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mandu Kanneswarar Koil Street?

The Sub Registrar Office that covers Mandu Kanneswarar Koil Street is 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 property transactions in KANCHIPURAM TOWN 3rd DIVISION. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling a property, the guideline value helps in establishing a fair basis for the transaction. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Mandu Kanneswarar Koil Street?

The current guideline value of Mandu Kanneswarar Koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 378 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 249% over this period.

What is the land classification for Mandu Kanneswarar Koil Street?

Mandu Kanneswarar Koil Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,18,800.

Where can I find the Sub Registrar Office for Mandu Kanneswarar Koil Street?

The Sub Registrar Office for Mandu Kanneswarar Koil Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.