Guideline Value for NIMANDAKARA OTTHA VADAI STREET

Nimandakara Ottha Vadai Street guideline value

The current guideline value of Nimandakara Ottha Vadai Street is Rs 1,650 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 II Type - III.

How the guideline value of Nimandakara Ottha Vadai Street has changed

The guideline value for Nimandakara Ottha Vadai Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,500 per sq.ft. In 2017, the value decreased to Rs 1,005 per sq.ft, marking a decline of 33%. However, the value rose significantly to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Nimandakara Ottha Vadai Street.

• North Krishnan Street: Rs 1,100 per sq.ft (2024)
• Netteri Road: Rs 1,100 per sq.ft (2024)
• Olimugamadhupettai Road Street (A) Vellore Road: Rs 1,100 per sq.ft (2024)
• Olimugamadupet Road Street (Or) Arrakonam Road: Rs 1,100 per sq.ft (2024)
• Nellukara Street (Or) Annani Indira Gandhi Salai: Rs 5,500 per sq.ft (2024)
• Nagareeswarar Kovil Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Nimandakara Ottha Vadai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nimandakara Ottha Vadai Street?

Nimandakara Ottha Vadai Street is covered by the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, 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

The guideline value is an essential factor in the property registration process in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the associated fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Nimandakara Ottha Vadai Street?

The current guideline value of Nimandakara Ottha Vadai Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Nimandakara Ottha Vadai Street?

Nimandakara Ottha Vadai Street is classified as Residential Class II Type - III.

Which Sub Registrar Office covers this street?

The Kanchipuram Joint I Sub Registrar Office covers Nimandakara Ottha Vadai Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502.

How is the stamp duty calculated for properties on this street?

The 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 the current guideline value, the total stamp duty would be Rs 1,15,500.