Guideline Value for Vagavathi Street

Vagavathi Street guideline value

The current guideline value of Vagavathi Street is Rs 880 per sq.ft, effective from 1 July 2024. This street 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 Street has changed

The guideline value for Vagavathi Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 880 per sq.ft, an increase from Rs 800 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 536 per sq.ft, which reflects a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 800 per sq.ft, showing a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the years 2002, 2003, and 2007 in the register for Vagavathi Street.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that have a guideline value for 2024, ranging from Rs 800 to Rs 3,300 per sq.ft. The median value among these streets is Rs 880 per sq.ft, which aligns with the guideline value of Vagavathi Street.

• Vagavathi River: 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 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, charged at 7%, would amount to Rs 61,600, while 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 the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vagavathi Street?

The Sub Registrar Office that covers Vagavathi Street is the Kanchipuram Joint IV 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 Ist Division

The guideline value plays a crucial role in the registration process of property transactions in Ist Division. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Vagavathi Street?

The current guideline value of Vagavathi 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 from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024, an increase of 10%. It was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012, showing various increases and decreases over the years.

What is the land classification of Vagavathi Street?

Vagavathi Street is classified as Residential Class II Type - I under the Kanchipuram Joint IV SRO.

Where can I find the registration office for Vagavathi Street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000, leading to specific fees based on this amount.