Guideline Value for East Mada Street

East Mada Street guideline value

The current guideline value of East Mada Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - III.

How the guideline value of East Mada Street has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft, marking a decline of 33%. The value then increased significantly in the 2023 revision to Rs 1,000 per sq.ft, followed by a further increase to Rs 1,100 per sq.ft in the 2024 revision, which reflects a 10% rise from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from the 2012 figure to the 2024 figure, there has been a total increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a guideline value for 2024, ranging from Rs 800 to Rs 3,300 per sq.ft. The median guideline value is Rs 880 per sq.ft, placing East Mada Street's current value above this median.

• Cross Street: Rs 1,650 per sq.ft (2024)
• Cross Back Street: Rs 1,650 per sq.ft (2024)
• Chetty Street: Rs 2,200 per sq.ft (2024)
• Chengalpet Road: Rs 1,430 per sq.ft (2024)
• Cheety Street @ C.V.Rajagopal Street: Rs 2,200 per sq.ft (2024)
• Chakkarathazhvar Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in East Mada 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 East Mada Street?

The Kanchipuram Joint IV Sub Registrar Office covers East Mada Street. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for any further inquiries.

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

The guideline value is a crucial factor in property transactions within Ist Division, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value serves as a benchmark for the transaction and impacts the overall cost involved in the buying or selling process.

Frequently asked questions

What is the current guideline value of East Mada Street?

The current guideline value of East Mada 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 is the median guideline value in Ist Division?

The median guideline value in Ist Division is Rs 880 per sq.ft, with East Mada Street's current value being above this median.

What fees are associated with property transactions in East Mada Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for East Mada Street located?

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