Guideline Value for VEERAMAGALI AMMAN KOIL STREET

Veeramagali Amman Koil Street guideline value

The current guideline value of Veeramagali Amman Koil Street is Rs 880 per sq.ft. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO and is classified as Residential Class III Type - I.

How the guideline value of Veeramagali Amman Koil Street has changed

The guideline value for Veeramagali Amman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 232 per sq.ft. In 2007, the value increased to Rs 250 per sq.ft, marking an 8% rise. The value then saw a significant jump to Rs 800 per sq.ft in 2012, which was a 220% increase. However, in 2017, the value decreased to Rs 536 per sq.ft, reflecting a 33% decline. The value then rose to Rs 800 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 set the value at Rs 880 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register does not have a recorded figure for Veeramagali Amman Koil Street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 279%.

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 value of Rs 1,320 per sq.ft. The guideline value of Veeramagali Amman Koil Street is below this median.

• Veeramagali Amman Otha Vadai Street: Rs 880 per sq.ft (2024)
• Vanigar Veethi: Rs 4,400 per sq.ft (2024)
• Vallal Patchaiyappan Street: Rs 5,500 per sq.ft (2024)
• Valatheswaran Koil Street: Rs 2,200 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 Veeramagali Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that 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 Veeramagali Amman Koil Street?

The Sub Registrar Office that covers Veeramagali Amman Koil Street 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

When buying or selling property in KANCHIPURAM TOWN 3rd DIVISION, the guideline value is a critical factor in determining the registration fees and stamp duty. The guideline value serves as a benchmark for the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Veeramagali Amman Koil Street?

The current guideline value of Veeramagali Amman Koil Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 232 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 279% over this period.

What is the land classification of Veeramagali Amman Koil Street?

Veeramagali Amman Koil Street is classified as Residential Class III Type - I.

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

The Sub Registrar Office for Veeramagali Amman Koil Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in KANCHIPURAM TOWN 3rd DIVISION?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.