Guideline Value for North Mada Veethi

North Mada Veethi guideline value

The current guideline value of North Mada Veethi is Rs 1,005 per sq.ft. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Mixed Type - II land.

How the guideline value of North Mada Veethi has changed

The guideline value for North Mada Veethi has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a substantial rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,005 per sq.ft, reflecting a 1% increase from the previous year.

Between the 2017 and 2024 revisions, the overall change in guideline value is a notable 50%. It is important to note that for the years 2002, 2003, 2007, and 2012, the register has no figure for this street.

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, with a median value of Rs 600 per sq.ft. The guideline value of North Mada Veethi is above this median.

• North Mada Veethi Cross Street: Rs 800 per sq.ft (2024)
• North Sannathi Street: Rs 900 per sq.ft (2024)
• North Kulam Street: Rs 400 per sq.ft (2024)
• North Street Mangalam: Rs 600 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total cost to Rs 90,450. 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 details.

Which Sub Registrar Office covers North Mada Veethi?

The Sub Registrar Office that covers North Mada Veethi 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 property transactions in Thirukalukundrem A, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Proper understanding of these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of North Mada Veethi?

The current guideline value of North Mada Veethi is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,005 per sq.ft in 2024, representing an overall increase of 50% over this period.

What are the guideline values of other streets in Thirukalukundrem A?

Other streets in Thirukalukundrem A have varying guideline values, with rates ranging from Rs 400 to Rs 900 per sq.ft in 2024. North Mada Veethi is above the median value of Rs 600 per sq.ft.

What are the stamp duty and registration fees for property in North Mada Veethi?

The stamp duty for property in North Mada Veethi is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 90,450 based on the current guideline value.

Which Sub Registrar Office covers North Mada Veethi?

The Thirukazhukundram Sub Registrar Office covers North Mada Veethi, located at Thiruchengode - 637 211, Chengalpattu registration zone.