Guideline Value for PANDAVA PERUMAL SANNATHI STREET

Pandava Perumal Sannathi Street guideline value

The current guideline value of Pandava Perumal Sannathi Street is Rs 1,650 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 II Type - III.

How the guideline value of Pandava Perumal Sannathi Street has changed

The guideline value for Pandava Perumal Sannathi Street has seen several revisions over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, it then decreased to Rs 1,005 per sq.ft in the 2017 revision. The following year, in 2023, the value rose to Rs 1,500 per sq.ft, and it further increased by 10% to reach Rs 1,650 per sq.ft in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%. The changes between the revisions are as follows: from 2007 to 2012, there was a substantial increase of 275%; however, from 2012 to 2017, the value saw a decrease of 33%. The jump from 2017 to 2023 was a notable increase of 49%.

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 guideline value is Rs 1,650 per sq.ft, which is equal to the guideline value of Pandava Perumal Sannathi Street.

• Pandava Perumal North Mada Street: Rs 1,650 per sq.ft (2024)
• Pandava Perumal West Mada Street: Rs 1,650 per sq.ft (2024)
• Panjukotti Street: Rs 1,650 per sq.ft (2024)
• Panjupettai Chinna Street: Rs 1,100 per sq.ft (2024)
• Panjupettai Otthavadai Street: Rs 1,100 per sq.ft (2024)
• Panjupettai Periya Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pandava Perumal Sannathi 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, making the total cost for these fees Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations based on your specific property details.

Which Sub Registrar Office covers Pandava Perumal Sannathi Street?

The Sub Registrar Office that covers Pandava Perumal Sannathi 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 is a crucial factor in the registration process when buying or selling property in Kanchipuram Town. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the transaction reflects the true value of the property, as determined by the local government.

Frequently asked questions

What is the current guideline value of Pandava Perumal Sannathi Street?

The current guideline value of Pandava Perumal Sannathi 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 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and increases in subsequent years.

What is the land classification for Pandava Perumal Sannathi Street?

The land classification for Pandava Perumal Sannathi Street is Residential Class II Type - III.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which Sub Registrar Office covers this street?

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