Guideline Value for Vazhakarutheeswarar Koil Street

Vazhakarutheeswarar Koil Street guideline value

The current guideline value of Vazhakarutheeswarar Koil Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Commercial Class I Type - II.

How the guideline value of Vazhakarutheeswarar Koil Street has changed

Over the years, the guideline value of Vazhakarutheeswarar Koil Street has seen several revisions. The 2012 revision set the value at Rs 5,000 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 3,350 per sq.ft. The 2023 revision increased the value to Rs 5,000 per sq.ft, and the latest 2024 revision has raised it further to Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 in the guideline value register for this street. From 2012 to 2024, the overall change has been a 10% increase, reflecting the fluctuations in property values over the years.

Guideline values in 2nd Division

In the 2nd Division village under the Kanchipuram Joint IV SRO, there are 101 streets that carry a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft, with a median value of Rs 1,650 per sq.ft. Vazhakarutheeswarar Koil Street's 2024 figure of Rs 5,500 per sq.ft is significantly above this median.

• Vegavathi Road: Rs 880 per sq.ft (2024)
• Velingapattarai Street: Rs 1,870 per sq.ft (2024)
• Vallal Pachaiyappan Street Santhu (a) Back: Rs 5,500 per sq.ft (2024)
• Vallal Pachaiyappan Street: Rs 5,500 per sq.ft (2024)
• Vallal Pachaiyappan Santhu: Rs 3,300 per sq.ft (2024)
• Vaikumdapuram Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Vazhakarutheeswarar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making the total fees Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vazhakarutheeswarar Koil Street?

The Sub Registrar Office that covers Vazhakarutheeswarar Koil Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in the 2nd Division, the guideline value is used to calculate the stamp duty and registration fees that are mandatory during the registration process.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vazhakarutheeswarar Koil Street?

The current guideline value of Vazhakarutheeswarar Koil Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024, marking a 10% increase. It was Rs 3,350 per sq.ft in 2017 and Rs 5,000 per sq.ft in 2012.

What is the land classification of Vazhakarutheeswarar Koil Street?

Vazhakarutheeswarar Koil Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,500 per sq.ft, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000 for a 1,000 sq.ft plot.

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

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