Guideline Value for VAIGUNDAPERUMAL KOVIL SANNATHI STREET

Vaigundaperumal Kovil Sannathi Street guideline value

The current guideline value of Vaigundaperumal Kovil Sannathi Street is Rs 1,100 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 III Type - III.

How the guideline value of Vaigundaperumal Kovil Sannathi Street has changed

The guideline value for Vaigundaperumal Kovil Sannathi Street has undergone several revisions over the years. The 2012 revision set the rate at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision raised it to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is a 10% increase. The 2023 to 2024 change reflects a 10% increase, while the jump from 2017 to 2023 shows a significant increase of 49%. Notably, the revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that have a 2024 guideline value 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 Vaigundaperumal Kovil Sannathi Street is below this median.

• Vaigundaperumal Mada Street: Rs 1,100 per sq.ft (2024)
• Vaitheeyar Street: Rs 1,980 per sq.ft (2024)
• Upperikulam Street: Rs 1,650 per sq.ft (2024)
• Ulagalandar Sannathi Street: Rs 3,300 per sq.ft (2024)
• Ulagalandar Mada Street: Rs 3,300 per sq.ft (2024)
• Varadhappan Back Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Vaigundaperumal Kovil Sannathi 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 at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Vaigundaperumal Kovil Sannathi Street?

The Sub Registrar Office that covers Vaigundaperumal Kovil 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. 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 plays a crucial role during the registration of property transactions in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official rates established by the registration department.

When buying or selling property, it is essential to be aware of the guideline value, as it directly influences the financial obligations associated with the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Vaigundaperumal Kovil Sannathi Street?

The current guideline value of Vaigundaperumal Kovil Sannathi 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Vaigundaperumal Kovil Sannathi Street?

Vaigundaperumal Kovil Sannathi Street is classified as Residential Class III Type - III.

Where can I find the registration office for this street?

The registration office for Vaigundaperumal Kovil 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.

How is the stamp duty calculated for properties on this street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000.