Guideline Value for VALATHESWARAN KOIL STREET

Valatheswaran Koil Street guideline value

The current guideline value of Valatheswaran Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Valatheswaran Koil Street has changed

The guideline value for Valatheswaran Koil Street has seen several revisions over the years. The earliest registered figure is from 2003 at Rs 319 per sq.ft, which rose to Rs 350 per sq.ft in 2007. Following this, the value jumped significantly to Rs 2,000 per sq.ft in 2012, marking an increase of 471% from the previous revision. However, it then dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The value further increased to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 590%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, making Valatheswaran Koil Street's current value above this median.

• Vallal Patchaiyappan Street: Rs 5,500 per sq.ft (2024)
• Vanigar Veethi: Rs 4,400 per sq.ft (2024)
• Veeramagali Amman Koil Street: Rs 880 per sq.ft (2024)
• Veeramagali Amman Otha Vadai Street: Rs 880 per sq.ft (2024)
• Thiruvegampan Street: Rs 880 per sq.ft (2024)
• Thirumettraleswarar Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Valatheswaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. It is important to note that 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 details.

Which Sub Registrar Office covers Valatheswaran Koil Street?

Valatheswaran Koil Street falls under the Kanchipuram Joint II 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 KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor in the registration process of property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is registered at a value that reflects the official rates set by the government. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Valatheswaran Koil Street?

The current guideline value of Valatheswaran Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 319 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 590% over the years.

What is the median guideline value in KANCHIPURAM TOWN 3rd DIVISION?

The median guideline value in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, with Valatheswaran Koil Street's value being above this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in this area is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Valatheswaran Koil Street?

The Kanchipuram Joint II Sub Registrar Office covers Valatheswaran Koil Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.