Guideline Value for North Mada Veethi Cross Street

North Mada Veethi Cross Street guideline value

The current guideline value of North Mada Veethi Cross Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class I Type - II.

How the guideline value of North Mada Veethi Cross Street has changed

The guideline value for North Mada Veethi Cross Street has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 800 per sq.ft, consistent with the 2023 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 536 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012, indicating that the register has no figure for this street in those years.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, positioning North Mada Veethi Cross Street's 2024 value above this median.

• North Mada Veethi: Rs 1,005 per sq.ft (2024)
• North Sannathi Street: Rs 900 per sq.ft (2024)
• North Street Mangalam: Rs 600 per sq.ft (2024)
• North Kulam Street: Rs 400 per sq.ft (2024)
• Osooramman Koil Street: Rs 400 per sq.ft (2024)
• Padasalai Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in North Mada Veethi Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers North Mada Veethi Cross Street?

The Sub Registrar Office covering North Mada Veethi Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value of the property as determined by the local authorities. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for North Mada Veethi Cross Street?

The current guideline value for North Mada Veethi Cross Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2023 to 2024. It increased by 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What is the median guideline value in Thirukalukundrem A?

The median guideline value in Thirukalukundrem A is Rs 600 per sq.ft, with North Mada Veethi Cross Street's 2024 value being above this median.

What fees are associated with buying property in North Mada Veethi Cross Street?

When buying property, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations for North Mada Veethi Cross Street?

The Thirukazhukundram Sub Registrar Office handles property registrations for North Mada Veethi Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.