Guideline Value for Vilakadi Koil Thoppu Street

Vilakadi Koil Thoppu Street guideline value

The current guideline value of Vilakadi Koil Thoppu Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Vilakadi Koil Thoppu Street has changed

The guideline value for Vilakadi Koil Thoppu Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. The value then rose significantly to Rs 1,200 per sq.ft in the 2023 revision, and most recently, it increased to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes from 2017 to 2023 saw a substantial rise of 49%, while the 2012 to 2017 period experienced a decrease of 33%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in 2nd Division

In the 2nd Division, there are 101 streets under the Kanchipuram Joint IV SRO with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, which means that Vilakadi Koil Thoppu Street's 2024 figure is below this median.

• Vilakadi Kovil Street: Rs 2,750 per sq.ft (2024)
• Vijayakiramani Street: Rs 1,100 per sq.ft (2024)
• Vishnukanchi Road: Rs 1,100 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)
• Yathothakari Sannathi Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Vilakadi Koil Thoppu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vilakadi Koil Thoppu Street?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in the 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When you register a property, the fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Vilakadi Koil Thoppu Street?

The current guideline value for Vilakadi Koil Thoppu Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Vilakadi Koil Thoppu Street?

Vilakadi Koil Thoppu Street falls under the Residential Class II Type - I land classification.

Which Sub Registrar Office covers this street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,18,800.