Guideline Value for VANIGAR VEETHI

Vanigar Veethi guideline value

The current guideline value of Vanigar Veethi is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, and it is classified as Residential Special Type - II.

How the guideline value of Vanigar Veethi has changed

The guideline value for Vanigar Veethi has seen several revisions over the years. In 2003, the value was Rs 650 per sq.ft, which increased to Rs 700 per sq.ft in 2007. Following that, there was a significant jump to Rs 4,000 per sq.ft in 2012, but it decreased to Rs 2,680 per sq.ft in 2017. The value then rose to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002.

Between the revisions, the changes were as follows: from 2003 to 2007, the value increased by 8%; from 2007 to 2012, it rose dramatically by 471%; however, from 2012 to 2017, it decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, the guideline value has increased by 577% from 2003 to 2024.

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, with a median of Rs 1,320 per sq.ft. The guideline value for Vanigar Veethi is above that median.

• Vallal Patchaiyappan Street: Rs 5,500 per sq.ft (2024)
• Valatheswaran Koil Street: Rs 2,200 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 Vanigar Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 precise calculations.

Which Sub Registrar Office covers Vanigar Veethi?

The Sub Registrar Office that covers Vanigar Veethi is 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 details.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value plays a crucial role in the registration process of property transactions in KANCHIPURAM TOWN 3rd DIVISION. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Vanigar Veethi?

The current guideline value of Vanigar Veethi is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 577% over this period.

What is the land classification for Vanigar Veethi?

Vanigar Veethi is classified as Residential Special Type - II under the Kanchipuram Joint II SRO.

What are the stamp duty and registration fees for property in Vanigar Veethi?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000, with stamp duty at Rs 3,08,000 and registration fee at Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Vanigar Veethi located?

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