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Guideline Value

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Guideline Value for OLIMUGAMADHUPETTAI ROAD STREET (A) VELLORE ROAD

₹1100/sq.ft.

The guideline value for Olimugamadhupettai Road Street (a) Vellore Road in Kanchipuram Town village (Kanchipuram Joint I SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kanchipuram Town

Village

Kanchipuram Joint I

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502
044-27236441
[email protected]

DRO (District Registrar Office)

No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Olimugamadhupettai Road Street (a) Vellore Road

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Olimugamadhupettai Road Street (A) Vellore Road guideline value

The current guideline value for Olimugamadhupettai Road Street (A) Vellore Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village and falls under the Kanchipuram Joint I SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Olimugamadhupettai Road Street (A) Vellore Road has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased the value to Rs 670 per sq.ft. Subsequently, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest 2024 revision has further raised it to Rs 1,100 per sq.ft.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The jump from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kanchipuram Town

Kanchipuram Town has a total of 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 guideline value for these streets is Rs 1,650 per sq.ft, making the current value for Olimugamadhupettai Road Street (A) Vellore Road below the median.

Stamp duty and registration fee for property in Olimugamadhupettai Road Street (A) Vellore Road

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. Please note that 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 details.

Which Sub Registrar Office covers Olimugamadhupettai Road Street (A) Vellore Road?

The Olimugamadhupettai Road Street (A) Vellore Road 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 plays a crucial role during the registration of property transactions in Kanchipuram Town. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is assessed to calculate the applicable stamp duty and registration fees. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value for Olimugamadhupettai Road Street (A) Vellore Road?

The current guideline value for Olimugamadhupettai Road Street (A) Vellore Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What is the land classification for this street?

The land classification for Olimugamadhupettai Road Street (A) Vellore Road is Residential Class III Type - III.

Where can I find the Sub Registrar Office for this street?

The Kanchipuram Joint I Sub Registrar Office covers Olimugamadhupettai Road Street (A) Vellore Road, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kanchipuram Town?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 11,00,000, the stamp duty would be calculated at 7% of this value.