Guideline Value for Singaperumal Keelandai Mada Street

Singaperumal Keelandai Mada Street guideline value

The current guideline value of Singaperumal Keelandai Mada Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - II.

How the guideline value of Singaperumal Keelandai Mada Street has changed

The guideline value for Singaperumal Keelandai Mada Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft, which was a decrease of 33% from the previous figure of Rs 670 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in 2nd Division

In the 2nd Division under the Kanchipuram Joint IV SRO, there are 101 streets that carry a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft, with a median value of Rs 1,650 per sq.ft. Singaperumal Keelandai Mada Street's 2024 figure of Rs 1,100 per sq.ft is below this median.

• Singaperumal Mada Veethi: Rs 2,750 per sq.ft (2024)
• Singaperumal Sanathi Street: Rs 1,100 per sq.ft (2024)
• Singaperumal Thendai Mada Veethi: Rs 1,100 per sq.ft (2024)
• Singaperumal Vadakkum Mada Street: Rs 1,100 per sq.ft (2024)
• Sir Kamakoti Ambal Nagar: Rs 1,100 per sq.ft (2024)
• Sekkupet Vadaku Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Singaperumal Keelandai Mada Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Singaperumal Keelandai Mada Street?

The Sub Registrar Office that covers Singaperumal Keelandai Mada Street is 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 details.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial figure used during the registration of property transactions in the 2nd Division. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Singaperumal Keelandai Mada Street?

The current guideline value of Singaperumal Keelandai Mada Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, a 10% increase. The value was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What are the other streets in 2nd Division with similar guideline values?

Other streets in 2nd Division with a guideline value of Rs 1,100 per sq.ft include Singaperumal Sanathi Street, Singaperumal Thendai Mada Veethi, Singaperumal Vadakkum Mada Street, and Sir Kamakoti Ambal Nagar.

How is the stamp duty calculated for properties in this area?

Stamp duty for properties in Singaperumal Keelandai Mada Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a stamp duty of Rs 77,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Singaperumal Keelandai Mada Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.