Guideline Value for PANJUKOTTI STREET

Panjukotti Street guideline value

The current guideline value of Panjukotti 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 Panjukotti Street has changed

The guideline value for Panjukotti Street has undergone several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, it decreased to Rs 1,005 per sq.ft in 2017. The 2023 revision set the value at Rs 1,500 per sq.ft, and the latest 2024 revision increased it to Rs 1,650 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. The value increased by 114% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has risen by 136%. The register has no figures for the years 2002 and 2003 for this street.

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 matches the current value of Panjukotti Street.

• 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)
• Parameeswaravinnagaram: Rs 1,100 per sq.ft (2024)
• Pandava Perumal West Mada Street: Rs 1,650 per sq.ft (2024)
• Pandava Perumal Sannathi Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Panjukotti Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Panjukotti Street?

The Sub Registrar Office that covers Panjukotti 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.

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 a crucial factor when buying or selling property in Kanchipuram Town, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the property transaction process.

When a buyer approaches the registration office, the guideline value will be assessed, and the fees will be calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Panjukotti Street?

The current guideline value of Panjukotti 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 700 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 136% over the years.

What is the land classification for Panjukotti Street?

Panjukotti Street is classified as Residential Class II Type - III under the Kanchipuram Joint I SRO.

What are the stamp duty and registration fees for properties in Panjukotti Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Panjukotti Street?

The Kanchipuram Joint I Sub Registrar Office is responsible for handling registrations for Panjukotti Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Kanchipuram.