Guideline Value for Puniyakoteeswarar Koil Street

Puniyakoteeswarar Koil Street guideline value

The current guideline value of Puniyakoteeswarar Koil Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO, and it falls under the Residential Class V Type - I land classification.

How the guideline value of Puniyakoteeswarar Koil Street has changed

The guideline value for Puniyakoteeswarar Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision has raised it further to Rs 800 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and by 33% from 2023 to 2024. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In the Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Puniyakoteeswarar Koil Street's 2024 figure below that median.

• Punniyakoteeswarar Koil Mada Veethi: Rs 880 per sq.ft (2024)
• Pattala Street: Rs 1,430 per sq.ft (2024)
• R.M.Varadarajan Street: Rs 1,650 per sq.ft (2024)
• Sannathi Street: Rs 2,200 per sq.ft (2024)
• North Mada Street: Rs 1,650 per sq.ft (2024)
• Sasthiri Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Puniyakoteeswarar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, leading to a total of Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Puniyakoteeswarar Koil Street?

Puniyakoteeswarar Koil Street is covered by the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ist Division

The guideline value plays a crucial role during the registration process of property transactions in Ist Division. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is essential for calculating the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Puniyakoteeswarar Koil Street?

The current guideline value of Puniyakoteeswarar Koil Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 800 per sq.ft in 2024.

What is the land classification for Puniyakoteeswarar Koil Street?

Puniyakoteeswarar Koil Street falls under the Residential Class V Type - I land classification.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Puniyakoteeswarar Koil Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for properties in Puniyakoteeswarar Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000, leading to a stamp duty of Rs 56,000.