Guideline Value for Varaguvasarl Street @ C.N.Annadurai Street

Varaguvasarl Street @ C.N.Annadurai Street guideline value

The current guideline value of Varaguvasarl Street @ C.N.Annadurai 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, classified as Residential Class I Type - I.

How the guideline value of Varaguvasarl Street @ C.N.Annadurai Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure saw a decrease to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, an increase of 10% from the previous year.

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

Guideline values in Ist Division

In the Ist Division, 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, with a median value of Rs 880 per sq.ft. The guideline value for Varaguvasarl Street @ C.N.Annadurai Street is above this median.

• Varadharajapuram Street: Rs 880 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 Varaguvasarl Street @ C.N.Annadurai 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 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 information.

Which Sub Registrar Office covers Varaguvasarl Street @ C.N.Annadurai Street?

The Kanchipuram Joint IV Sub Registrar Office covers Varaguvasarl Street @ C.N.Annadurai Street. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Ist Division. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Varaguvasarl Street @ C.N.Annadurai Street?

The current guideline value of Varaguvasarl Street @ C.N.Annadurai 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 seen several changes: it was Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 raised it to Rs 1,650 per sq.ft.

What is the median guideline value in Ist Division?

The median guideline value in Ist Division is Rs 880 per sq.ft. Varaguvasarl Street @ C.N.Annadurai Street's 2024 figure is above this median.

What fees are associated with property transactions in this area?

When registering property, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Kanchipuram Joint IV Sub Registrar Office covers Varaguvasarl Street @ C.N.Annadurai Street. It is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.