Guideline Value for Vijayakiramani Street

Vijayakiramani Street guideline value

The current guideline value of Vijayakiramani Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - II.

How the guideline value of Vijayakiramani Street has changed

The guideline value for Vijayakiramani Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and finally to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in 2nd Division

In the 2nd Division village under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, making the 2024 guideline value of Vijayakiramani Street below the median.

• Vilakadi Koil Thoppu Street: Rs 1,320 per sq.ft (2024)
• Vilakadi Kovil Street: Rs 2,750 per sq.ft (2024)
• Vishnukanchi Road: Rs 1,100 per sq.ft (2024)
• Velingapattarai Street: Rs 1,870 per sq.ft (2024)
• Yathokarai Vadavandai Mada Veethi: Rs 1,650 per sq.ft (2024)
• Yathothakarai Keelandai Mada Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayakiramani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Vijayakiramani Street?

The Vijayakiramani 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in the 2nd Division. It determines the minimum price at which the property can be registered, ensuring that the transaction is documented at a fair value as per government regulations.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vijayakiramani Street?

The current guideline value of Vijayakiramani Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value, which for a 1,000 sq.ft plot at the current rate would total Rs 99,000.

Which Sub Registrar Office is responsible for Vijayakiramani Street?

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

What is the median guideline value in 2nd Division?

The median guideline value in the 2nd Division village under the Kanchipuram Joint IV SRO is Rs 1,650 per sq.ft, while Vijayakiramani Street's 2024 figure is below this median.