Guideline Value for Vagavathi River

Vagavathi River guideline value

The current guideline value of Vagavathi River is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

How the guideline value of Vagavathi River has changed

Over the years, the guideline value for Vagavathi River has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and further rose to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in guideline value is +10%. The increase from 2017 to 2023 was +49%, while the change from 2012 to 2017 was a decrease of -33%. This reflects the fluctuations in the value over the years, culminating in the current guideline value of Rs 880 per sq.ft.

Guideline values in Ist Division

In Ist Division village, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 3,300 per sq.ft. The median guideline value is Rs 880 per sq.ft, which is the same as the current value for Vagavathi River.

• Vagavathi Street: Rs 880 per sq.ft (2024)
• Vaniyar Street @ Chairman Sambasivam Street: Rs 1,650 per sq.ft (2024)
• Varadharajapuram Street: Rs 880 per sq.ft (2024)
• Varaguvasarl Street @ C.N.Annadurai Street: Rs 1,650 per sq.ft (2024)
• Thiruvenkadam Nagar: Rs 880 per sq.ft (2024)
• Vazhamunusamy Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Vagavathi River

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total 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, bringing the total fees to Rs 79,200. 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 detailed calculations.

Which Sub Registrar Office covers Vagavathi River?

The Sub Registrar Office that covers Vagavathi River is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ist Division

The guideline value is a crucial factor in the registration process when buying or selling property in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Vagavathi River?

The current guideline value for Vagavathi River 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 from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the stamp duty rates applicable in Vagavathi River?

The stamp duty rate applicable in Vagavathi River is 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where is the Sub Registrar Office for Vagavathi River located?

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

What is the classification of land in Vagavathi River?

The land classification for Vagavathi River is Residential Class II Type - I.