Guideline Value for Varadharajapuram Street

Varadharajapuram Street guideline value

The current guideline value of Varadharajapuram 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, classified as Residential Class II Type - I.

How the guideline value of Varadharajapuram Street has changed

Starting from the 2012 revision, the guideline value was Rs 800 per sq.ft. In the following 2017 revision, it decreased to Rs 536 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase, bringing the value back to Rs 800 per sq.ft, and further increasing to Rs 880 per sq.ft in the 2024 revision, which is a 10% rise from the previous year. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change is an increase of 10%. The guideline value rose from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, reflecting a 49% increase, followed by a 10% increase to Rs 880 per sq.ft in 2024.

Guideline values in Ist Division

In the Ist Division village under the Kanchipuram Joint IV SRO, there are 79 streets with a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the guideline value of Varadharajapuram Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be 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 more details.

Which Sub Registrar Office covers Varadharajapuram Street?

The Kanchipuram Joint IV Sub Registrar Office covers Varadharajapuram 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 Ist Division

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Ist Division, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall costs associated with property registration. Ensuring that the sale price meets or exceeds the guideline value is crucial for a smooth registration process.

Frequently asked questions

What is the current guideline value of Varadharajapuram Street?

The current guideline value of Varadharajapuram 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 seen several revisions, with the most recent being Rs 880 per sq.ft in 2024, up from Rs 800 per sq.ft in 2023. The value was Rs 536 per sq.ft in 2017, and Rs 800 per sq.ft in 2012.

Where is the Kanchipuram Joint IV SRO located?

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

What are the stamp duty rates for properties in Varadharajapuram Street?

The stamp duty for properties in Varadharajapuram Street is charged at 7% of the guideline value or sale price, whichever is higher. There is also a registration fee of 2% applicable.

How do I calculate the total cost for registration?

To calculate the total cost for registration, you need to consider the guideline value, which is Rs 8,80,000 for a 1,000 sq.ft plot. The total cost includes the stamp duty and registration fee, which can be calculated using a stamp duty and registration fee calculator.