Guideline Value for Vishnukanchi Road

Vishnukanchi Road guideline value

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

How the guideline value of Vishnukanchi Road has changed

The guideline value for Vishnukanchi Road has undergone several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 300 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 233% rise. However, in 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The guideline value then increased to Rs 1,000 per sq.ft in 2023 and further to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a significant increase of 267%. It is important to note that the register has no figures for this street for the years 2002 and 2003.

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. The median guideline value in this area is Rs 1,650 per sq.ft, placing Vishnukanchi Road's 2024 figure below that median.

• Vilakadi Kovil Street: Rs 2,750 per sq.ft (2024)
• Vilakadi Koil Thoppu Street: Rs 1,320 per sq.ft (2024)
• Vijayakiramani Street: 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 Vishnukanchi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vishnukanchi Road?

The Kanchipuram Joint IV Sub Registrar Office covers Vishnukanchi Road. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in the 2nd Division. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Vishnukanchi Road?

The current guideline value of Vishnukanchi Road 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 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 267% over the years.

What is the median guideline value in 2nd Division?

The median guideline value in the 2nd Division village is Rs 1,650 per sq.ft, which is higher than the current value of Vishnukanchi Road.

What are the stamp duty and registration fees for property in Vishnukanchi Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000, resulting in a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Vishnukanchi Road?

The Kanchipuram Joint IV Sub Registrar Office handles property registrations for Vishnukanchi Road, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.