Guideline Value for Mudaliar Street @ Vedantham Street

Mudaliar Street @ Vedantham Street guideline value

The current guideline value of Mudaliar Street @ Vedantham Street is Rs 880 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 II Type - I.

How the guideline value of Mudaliar Street @ Vedantham Street has changed

The guideline value for Mudaliar Street @ Vedantham Street has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 800 per sq.ft. This value remained unchanged until the next revision in 2017, where it decreased to Rs 536 per sq.ft. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the guideline value rise to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ist Division

In the Ist Division village under the Kanchipuram Joint IV SRO, there are 79 streets that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is equal to the current guideline value of Mudaliar Street @ Vedantham Street.

• Mottai Kulam Street: Rs 880 per sq.ft (2024)
• Munram Thiruvizha Mandapam Street: Rs 880 per sq.ft (2024)
• Naina Pillai Street: Rs 880 per sq.ft (2024)
• Mettupalayam Street: Rs 1,100 per sq.ft (2024)
• Mettu Kammal Street: Rs 880 per sq.ft (2024)
• Nemanthakara Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mudaliar Street @ Vedantham Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Mudaliar Street @ Vedantham Street?

The Mudaliar Street @ Vedantham Street is covered by the Kanchipuram Joint IV 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 Ist Division

The guideline value plays a crucial role during the registration of property transactions in Ist Division. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory expenses in the property transaction process.

Frequently asked questions

What is the current guideline value of Mudaliar Street @ Vedantham Street?

The current guideline value of Mudaliar Street @ Vedantham Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the stamp duty for property in Mudaliar Street @ Vedantham Street?

The stamp duty for property in Mudaliar Street @ Vedantham Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Mudaliar Street @ Vedantham Street?

The Kanchipuram Joint IV Sub Registrar Office handles registrations for Mudaliar Street @ Vedantham Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What are the other streets in Ist Division with similar guideline values?

There are several other streets in Ist Division with similar guideline values, including Mottai Kulam Street, Munram Thiruvizha Mandapam Street, Naina Pillai Street, Mettu Kammal Street, and Nemanthakara Street, all valued at Rs 880 per sq.ft in 2024.