Guideline Value for PAVALAVANNAR STREET

Pavalavannar Street guideline value

The current guideline value of Pavalavannar 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, classified as Residential Class II Type - III.

How the guideline value of Pavalavannar Street has changed

The guideline value for Pavalavannar Street has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 275%. However, it saw a decrease to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 1,500 per sq.ft in 2023, and further rose to the current value of Rs 1,650 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Notably, the register has no figures for Pavalavannar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 313%.

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 value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Pavalavannar Street.

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

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

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pavalavannar Street?

Pavalavannar Street 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 details.

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

The guideline value is a crucial factor when registering property in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pavalavannar Street?

The current guideline value of Pavalavannar 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, marking an overall increase of 313% over the years.

What is the stamp duty rate for properties in Pavalavannar Street?

The stamp duty rate for properties in Pavalavannar Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Pavalavannar Street?

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

What is the median guideline value for streets in Kanchipuram Town?

The median guideline value for streets in Kanchipuram Town is Rs 1,650 per sq.ft, which is also the current guideline value for Pavalavannar Street.