Guideline Value for Singaperumal Mada Veethi

Singaperumal Mada Veethi guideline value

The current guideline value of Singaperumal Mada Veethi is Rs 2,750 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 Special Type - III.

How the guideline value of Singaperumal Mada Veethi has changed

Over the years, the guideline value of Singaperumal Mada Veethi has seen significant changes. In the 2007 revision, the value was Rs 300 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a remarkable rise of 733%. However, from 2012 to 2017, there was a decrease to Rs 1,675 per sq.ft, a drop of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, reflecting a 49% rise, and further increased to the current value of Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

The register has no figures for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 817%.

Guideline values in 2nd Division

In the 2nd Division, there are 101 streets under the Kanchipuram Joint IV SRO that have a guideline value for 2024, ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Singaperumal Mada Veethi's 2024 figure above this median.

• Singaperumal Keelandai Mada Street: Rs 1,100 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 Mada Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Singaperumal Mada Veethi?

Singaperumal Mada Veethi falls under the jurisdiction of 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 further assistance.

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

The guideline value plays a crucial role in property transactions in the 2nd Division. It is used to determine the stamp duty and registration fees that need to be paid during the property registration process. Buyers and sellers must be aware of this value to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher amount. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value of Singaperumal Mada Veethi?

The current guideline value of Singaperumal Mada Veethi is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 300 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 817%.

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

Other streets in 2nd Division include Singaperumal Keelandai Mada Street, Singaperumal Sanathi Street, Singaperumal Thendai Mada Veethi, Singaperumal Vadakkum Mada Street, Sir Kamakoti Ambal Nagar, and Sekkupet Vadaku Street, with values ranging from Rs 1,100 to Rs 3,300 per sq.ft in 2024.

Where can I find the Kanchipuram Joint IV Sub Registrar Office?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Singaperumal Mada Veethi?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.