Guideline Value for NAGAREESWARAR KOVIL STREET

Nagareeswarar Kovil Street guideline value

The current guideline value of Nagareeswarar Kovil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Nagareeswarar Kovil Street has changed

Over the years, the guideline value of Nagareeswarar Kovil Street has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, which represented a decline of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 2,500 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for Nagareeswarar Kovil Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kanchipuram Town

Kanchipuram Town comprises 85 streets under the Kanchipuram Joint I SRO, with the 2024 guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Nagareeswarar Kovil Street's 2024 figure above this median.

• Municipal Line: Rs 1,100 per sq.ft (2024)
• Nellukara Street(Or) Annani Indira Gandhi Salai: Rs 5,500 per sq.ft (2024)
• Netteri Road: Rs 1,100 per sq.ft (2024)
• Nimandakara Ottha Vadai Street: Rs 1,650 per sq.ft (2024)
• North Krishnan Street: Rs 1,100 per sq.ft (2024)
• Olimugamadhupettai Road Street (A) Vellore Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Nagareeswarar Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagareeswarar Kovil Street?

The Sub Registrar Office that covers Nagareeswarar Kovil Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, 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

The guideline value plays a crucial role in property transactions in Kanchipuram Town. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Additionally, the guideline value serves as a reference point for property valuation. It helps buyers and sellers understand the official valuation of the property, which can influence negotiations and final sale prices.

Frequently asked questions

What is the current guideline value of Nagareeswarar Kovil Street?

The current guideline value of Nagareeswarar Kovil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the stamp duty for property in Nagareeswarar Kovil Street?

The stamp duty for property in Nagareeswarar Kovil Street is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.

Which Sub Registrar Office handles transactions for this street?

The Kanchipuram Joint I Sub Registrar Office handles transactions for Nagareeswarar Kovil Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502.

What is the land classification for Nagareeswarar Kovil Street?

Nagareeswarar Kovil Street is classified as Residential Class I Type - I, indicating its suitability for residential development and transactions.