Guideline Value for Keezhandai mada veedhi

Keezhandai mada veedhi guideline value

The current guideline value of Keezhandai mada veedhi is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Pungathur village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Keezhandai mada veedhi has changed

The guideline value for Keezhandai mada veedhi has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it dropped to Rs 335 per sq.ft in 2017. The value then rose to Rs 500 per sq.ft in 2023, and finally, it is set to be Rs 550 per sq.ft from July 2024. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, there was a substantial increase of 233%. However, the value decreased by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase, bringing the overall change from 2007 to 2024 to a total of 267%.

Guideline values in Pungathur

In Pungathur, there are 32 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median value is Rs 1,485 per sq.ft, indicating that Keezhandai mada veedhi's 2024 figure is below this median.

• K.R.R.C Nagar: Rs 1,650 per sq.ft (2024)
• Kamakshiamman st: Rs 550 per sq.ft (2024)
• Jayanagar mainRoad: Rs 1,650 per sq.ft (2024)
• Meelandai madaveedi: Rs 550 per sq.ft (2024)
• Bajanai koil st: Rs 550 per sq.ft (2024)
• A.S.P Nagar Extn(581/2,581/3,581/3a): Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Keezhandai mada veedhi

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Keezhandai mada veedhi?

The Keezhandai mada veedhi is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Pungathur, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers must ensure that the sale price meets or exceeds the guideline value to avoid any discrepancies during the registration process.

When registering a property, the guideline value is used to assess the applicable stamp duty and registration fees. This ensures that all transactions are transparent and adhere to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Keezhandai mada veedhi?

The current guideline value of Keezhandai mada veedhi is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the median guideline value for streets in Pungathur?

The median guideline value for streets in Pungathur is Rs 1,485 per sq.ft, with Keezhandai mada veedhi's value below this median.

What are the stamp duty and registration fees for property in Keezhandai mada veedhi?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 5,50,000, the total fees would amount to Rs 49,500.

Which office handles registrations for Keezhandai mada veedhi?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Keezhandai mada veedhi, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.