Guideline Value for OLIMUGAMADUPET ROAD STREET(OR)ARRAKONAM ROAD

Olimugamadupet Road Street(Or)arrakonam Road guideline value

The current guideline value of Olimugamadupet Road Street(Or)arrakonam Road is Rs 1,100 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 III Type - III.

How the guideline value of Olimugamadupet Road Street(Or)arrakonam Road has changed

The guideline value for this street has undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to the current rate of Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, the value saw a decline of 33%. However, from 2017 to 2023, there was a notable increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. The revisions for the years 2002, 2003, and 2007 have no figures available 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, with a median value of Rs 1,650 per sq.ft. The guideline value for Olimugamadupet Road Street(Or)arrakonam Road is below this median.

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

Stamp duty and registration fee for property in Olimugamadupet Road Street(Or)arrakonam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, bringing the total fees to Rs 99,000. It is important to 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 information.

Which Sub Registrar Office covers Olimugamadupet Road Street(Or)arrakonam Road?

The Sub Registrar Office that covers Olimugamadupet Road Street(Or)arrakonam Road is 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 details.

How the guideline value is used when you buy or sell in Kanchipuram Town

The guideline value is an essential factor during the registration process of property transactions in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees that are required to be paid when a property is bought or sold.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable fees. This ensures that the transaction is recorded accurately and complies with the regulations set forth by the local authorities.

Frequently asked questions

What is the current guideline value of Olimugamadupet Road Street(Or)arrakonam Road?

The current guideline value of Olimugamadupet Road Street(Or)arrakonam 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 increased 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?

Olimugamadupet Road Street(Or)arrakonam Road is classified as Residential Class III Type - III.

Which office handles the registration for this street?

The Kanchipuram Joint I Sub Registrar Office handles the registration for Olimugamadupet Road Street(Or)arrakonam Road, located at No.52 Orikkai Madura, Udhayamangalam Village.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 99,000.