Guideline Value for Vilakadi Kovil Street

Vilakadi Kovil Street guideline value

The current guideline value of Vilakadi Kovil Street is Rs 2,750 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 Residential Special Type - III.

How the guideline value of Vilakadi Kovil Street has changed

The guideline value for Vilakadi Kovil Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, an increase of 10% from the previous year.

It is important to note that there are no figures recorded for Vilakadi Kovil Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 of these streets is Rs 1,650 per sq.ft, placing Vilakadi Kovil Street's 2024 figure above this median.

• Vilakadi Koil Thoppu Street: Rs 1,320 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 Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vilakadi Kovil Street?

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

For more information, 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 of property transactions. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property in 2nd Division, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs that must be considered during the transaction process. This ensures compliance with local regulations and helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Vilakadi Kovil Street?

The current guideline value of Vilakadi Kovil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of Vilakadi Kovil Street?

Vilakadi Kovil Street is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for Vilakadi Kovil Street?

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

How is the stamp duty calculated for properties in Vilakadi Kovil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be calculated at 7% of Rs 27,50,000.