Guideline Value for Vaikumdapuram Street

Vaikumdapuram Street guideline value

The current guideline value of Vaikumdapuram Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Special Type - III.

How the guideline value of Vaikumdapuram Street has changed

The guideline value for Vaikumdapuram Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase to Rs 2,500 per sq.ft in the 2023 revision, and then rose again to Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in 2nd Division

In 2nd Division village, there are 101 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 11,000 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, placing Vaikumdapuram Street's 2024 figure above that median.

• Uppukulam Sri Venkateswara Nagar: Rs 800 per sq.ft (2024)
• Uppukulam Sri Siddhi Vinayagar Nagar: Rs 1,100 per sq.ft (2024)
• Uppukulama Street: Rs 1,100 per sq.ft (2024)
• Uppukulam: Rs 800 per sq.ft (2024)
• Vallal Pachaiyappan Santhu: Rs 3,300 per sq.ft (2024)
• Vallal Pachaiyappan Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Vaikumdapuram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that 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 details.

Which Sub Registrar Office covers Vaikumdapuram Street?

The Kanchipuram Joint IV Sub Registrar Office covers Vaikumdapuram Street. The office is 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 2nd Division

The guideline value plays a critical role during the registration of property transactions in 2nd Division. It is used to determine the stamp duty and registration fees that are applicable 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 is used to calculate the applicable duties and fees. This ensures that the government collects the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vaikumdapuram Street?

The current guideline value of Vaikumdapuram Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Vaikumdapuram Street?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Vaikumdapuram Street?

The Kanchipuram Joint IV Sub Registrar Office covers Vaikumdapuram Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the land classification of Vaikumdapuram Street?

Vaikumdapuram Street is classified as Residential Special Type - III.