Guideline Value for KATCHABESWARAR THERKKU MELANDAI MADA VEETHI

Katchabeswarar Therkku Melandai Mada Veethi guideline value

The current guideline value of Katchabeswarar Therkku Melandai 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 Therkku Melandai Mada Veethi has changed

The guideline value for Katchabeswarar Therkku Melandai Mada Veethi has seen several revisions over the years. In 2007, the guideline value was Rs 350 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value decreased to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 529%. Notably, there are no figures available in the register for the years 2002 and 2003 for this street.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

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

• Katchabeswarar South Mada Veethi: Rs 2,200 per sq.ft (2024)
• Katchabeswarar Merkku 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 Therkku Melandai 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 would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to 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 details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Katchabeswarar Therkku Melandai Mada Veethi?

The Katchabeswarar Therkku Melandai Mada Veethi falls under 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 information.

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

The guideline value is a crucial factor during the registration process of property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a reference point for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial implications of their property transactions.

When buying or selling property, it is essential to understand that the guideline value may influence negotiations and the final sale price. Buyers should be prepared for costs associated with the guideline value, as these will be factored into the overall expenses of the transaction.

Frequently asked questions

What is the current guideline value of Katchabeswarar Therkku Melandai Mada Veethi?

The current guideline value of Katchabeswarar Therkku Melandai 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 from Rs 350 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 529% over the years.

What is the land classification for Katchabeswarar Therkku Melandai Mada Veethi?

Katchabeswarar Therkku Melandai Mada Veethi is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Katchabeswarar Therkku Melandai Mada Veethi?

The Kanchipuram Joint II Sub Registrar Office, which covers Katchabeswarar Therkku Melandai Mada Veethi, is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in KATCHIPURAM TOWN 3rd DIVISION?

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