Guideline Value for KATCHABESWARAR MERKKU MADA VEETHI

Katchabeswarar Merkku Mada Veethi guideline value

The current guideline value of Katchabeswarar Merkku Mada Veethi is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Katchabeswarar Merkku Mada Veethi has changed

The guideline value for Katchabeswarar Merkku Mada Veethi has seen several revisions over the years. In 2003, the guideline value was Rs 185 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The value then saw a significant rise to Rs 2,000 per sq.ft in 2012, followed by a decrease to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, and the latest revision in 2024 raised it to Rs 2,200 per sq.ft.

Between the revisions, the changes were notable. From 2003 to 2007, there was an increase of 89%, followed by an impressive 471% rise from 2007 to 2012. However, the value dropped by 33% from 2012 to 2017. The increase from 2017 to 2023 was 49%, and the latest revision from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 1089% from 2003 to 2024.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

The KANCHIPURAM TOWN 3rd DIVISION features 48 streets under the Kanchipuram Joint II SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this division is Rs 1,320 per sq.ft, placing Katchabeswarar Merkku Mada Veethi's 2024 figure above this median.

• Katchabeswarar South Mada Veethi: Rs 2,200 per sq.ft (2024)
• Katchabeswarar Therkku Melandai Mada Veethi: Rs 2,200 per sq.ft (2024)
• Katchiyappan Street: Rs 2,200 per sq.ft (2024)
• Kavalan Street: Rs 2,200 per sq.ft (2024)
• Karukkinil Ammarnthaval Koil Street: Rs 1,650 per sq.ft (2024)
• Kanni Koil Stret: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Katchabeswarar Merkku Mada Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Katchabeswarar Merkku Mada Veethi?

The Katchabeswarar Merkku Mada Veethi falls under the jurisdiction of the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor when registering property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value helps in establishing a transparent price point for both parties. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Katchabeswarar Merkku Mada Veethi?

The current guideline value of Katchabeswarar Merkku Mada Veethi is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 185 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1089% over this period.

What is the median guideline value in KANCHIPURAM TOWN 3rd DIVISION?

The median guideline value in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, with Katchabeswarar Merkku Mada Veethi's 2024 figure being above this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where can I find the Kanchipuram Joint II SRO?

The Kanchipuram Joint II SRO is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.