Guideline Value for KATCHABESWARAR SOUTH MADA VEETHI

Katchabeswarar South Mada Veethi guideline value

The current guideline value for Katchabeswarar South 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 and is classified as Residential Class I Type - II.

How the guideline value of Katchabeswarar South Mada Veethi has changed

The guideline value for Katchabeswarar South Mada Veethi has seen several revisions over the years. In 2003, the value was Rs 226 per sq.ft, which increased to Rs 350 per sq.ft in 2007. This marked a significant rise of 55%. The value then surged dramatically to Rs 2,000 per sq.ft in 2012, reflecting an increase of 471%. However, it dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, followed by the current value of Rs 2,200 per sq.ft from the 2024 revision, indicating a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 873%. It is important to note that there is no recorded figure for Katchabeswarar South Mada Veethi in the 2002 revision.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Katchabeswarar South Mada Veethi's 2024 figure above that median.

• Katchabeswarar Merkku 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 South 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 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. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Katchabeswarar South Mada Veethi?

The Kanchipuram Joint II Sub Registrar Office covers Katchabeswarar South Mada Veethi. The office is 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 plays a crucial role in the registration process when buying or selling property in KANCHIPURAM TOWN 3rd DIVISION. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 226 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, an overall increase of 873%.

What is the registration office for Katchabeswarar South Mada Veethi?

The registration office for Katchabeswarar South Mada Veethi is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for properties in Katchabeswarar South Mada Veethi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.

What are the other streets with the same guideline value in KANCHIPURAM TOWN 3rd DIVISION?

Other streets in KANCHIPURAM TOWN 3rd DIVISION with the same guideline value of Rs 2,200 per sq.ft include Katchabeswarar Merkku Mada Veethi, Katchabeswarar Therkku Melandai Mada Veethi, Katchiyappan Street, and Kavalan Street.