Guideline Value for PANJUPETTAI PERIYA STREET

Panjupettai Periya Street guideline value

The current guideline value of Panjupettai Periya Street 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, classified as Residential Class III Type - III.

How the guideline value of Panjupettai Periya Street has changed

The guideline value for Panjupettai Periya Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 150% rise. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a 33% drop. The 2023 revision saw a notable increase to Rs 1,000 per sq.ft, and the current 2024 revision has further raised it to Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. It is important to note that the register does not have 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 guideline value for 2024, 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 of Panjupettai Periya Street is below this median, indicating its relative position within the town.

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

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, charged at 7%, would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Panjupettai Periya Street?

The Sub Registrar Office that covers Panjupettai Periya 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 further assistance.

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. It is used to determine the stamp duty and registration fees that must be paid during the property transaction process. Buyers should be aware that these costs are based on the guideline value, which is regularly updated to reflect changes in the local real estate market.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property dealings, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Panjupettai Periya Street?

The current guideline value of Panjupettai Periya Street 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 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 175% over the years.

What are the stamp duty and registration fees for property on this street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Panjupettai Periya Street?

The Kanchipuram Joint I Sub Registrar Office handles property registrations for Panjupettai Periya Street, located at No.52 Orikkai Madura, Udhayamangalam Village.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions, ensuring transparency and fair valuation in the real estate market.