Guideline Value for VAITHEEYAR STREET

Vaitheeyar Street guideline value

The current guideline value of Vaitheeyar Street is Rs 1,980 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 - I.

How the guideline value of Vaitheeyar Street has changed

The guideline value for Vaitheeyar Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value dropped to Rs 1,206 per sq.ft, marking a decrease of 33%. The next revision in 2023 increased the value to Rs 1,800 per sq.ft, and then the most recent 2024 revision raised it to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Vaitheeyar Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 guideline value for these streets is Rs 1,650 per sq.ft, placing Vaitheeyar Street's 2024 figure above this median.

• Vaigundaperumal Mada Street: Rs 1,100 per sq.ft (2024)
• Vaigundaperumal Kovil Sannathi Street: Rs 1,100 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 Vaitheeyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vaitheeyar Street?

The Sub Registrar Office that covers Vaitheeyar 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 critical factor in the registration process when buying or selling property in Kanchipuram Town. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the correct amounts are paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties and fees. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vaitheeyar Street?

The current guideline value of Vaitheeyar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 in 2012 to Rs 1,206 in 2017, then increased to Rs 1,800 in 2023, and finally to Rs 1,980 in 2024.

What is the classification of Vaitheeyar Street?

Vaitheeyar Street is classified as Residential Class II Type - I.

Where is the Sub Registrar Office located for Vaitheeyar Street?

The Kanchipuram Joint I Sub Registrar Office is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vaitheeyar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000, leading to a stamp duty of Rs 1,38,600.