Guideline Value for Vaniyar Street @ Chairman Sambasivam Street

Vaniyar Street @ Chairman Sambasivam Street guideline value

The current guideline value of Vaniyar Street @ Chairman Sambasivam Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in the Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - I.

How the guideline value of Vaniyar Street @ Chairman Sambasivam Street has changed

The guideline value for Vaniyar Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. The value then increased significantly to Rs 1,500 per sq.ft in 2023 and further rose to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In the Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO with a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, making the 2024 figure for Vaniyar Street @ Chairman Sambasivam Street above that median.

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

Stamp duty and registration fee for property in Vaniyar Street @ Chairman Sambasivam Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vaniyar Street @ Chairman Sambasivam Street?

The Vaniyar Street @ Chairman Sambasivam Street falls under 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 is a crucial factor in the registration process of property transactions in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, the guideline value is used to calculate the applicable duties, ensuring that both parties are aware of the financial obligations involved in the transaction. It is essential for buyers and sellers to understand this value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Vaniyar Street @ Chairman Sambasivam Street?

The current guideline value of Vaniyar Street @ Chairman Sambasivam Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Vaniyar Street @ Chairman Sambasivam Street?

The land classification for Vaniyar Street @ Chairman Sambasivam Street is Residential Class I Type - I.

Where is the Kanchipuram Joint IV Sub Registrar Office located?

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

How is stamp duty calculated for properties in Vaniyar Street @ Chairman Sambasivam Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be calculated accordingly.