Guideline Value for VEERAMAGALI AMMAN OTHA VADAI STREET

Veeramagali Amman Otha Vadai Street guideline value

The current guideline value for Veeramagali Amman Otha Vadai Street is Rs 880 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 III Type - I.

How the guideline value of Veeramagali Amman Otha Vadai Street has changed

The guideline value for Veeramagali Amman Otha Vadai Street has undergone several revisions over the years. The earliest recorded revision was in 2003, with a guideline value of Rs 231 per sq.ft. This increased to Rs 250 per sq.ft in 2007, then saw a significant rise to Rs 800 per sq.ft in 2012. However, it dropped to Rs 536 per sq.ft in 2017. The value was revised to Rs 800 per sq.ft again in 2023, and as of 2024, it stands at Rs 880 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2012 to 2017 marked a decrease of 33%, while the increase from 2007 to 2012 was substantial at 220%. Between 2003 and 2007, the increase was 8%. Overall, the guideline value has risen by 281% from 2003 to 2024. The register has no figure for the year 2002 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, with a median value of Rs 1,320 per sq.ft. Veeramagali Amman Otha Vadai Street's 2024 figure is below this median.

• Veeramagali Amman Koil 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 Otha Vadai Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to 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, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Veeramagali Amman Otha Vadai Street?

The Sub Registrar Office covering Veeramagali Amman Otha Vadai 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

The guideline value is a crucial factor in property transactions in KANCHIPURAM TOWN 3rd DIVISION. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price, which can significantly affect the total expenditure involved in the transaction.

Frequently asked questions

What is the current guideline value of Veeramagali Amman Otha Vadai Street?

The current guideline value of Veeramagali Amman Otha Vadai 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 231 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, reflecting a total increase of 281% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles the registration of properties in this area?

The Kanchipuram Joint II Sub Registrar Office is responsible for property registrations in this area, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the land classification for Veeramagali Amman Otha Vadai Street?

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