Guideline Value for Singaperumal Vadakkum Mada Street

Singaperumal Vadakkum Mada Street guideline value

The current guideline value of Singaperumal Vadakkum 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, classified as Residential Class II Type - II.

How the guideline value of Singaperumal Vadakkum Mada Street has changed

The guideline value for Singaperumal Vadakkum Mada Street has experienced several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the Rs 670 per sq.ft established in the 2017 revision. Following this, the value remained at Rs 1,000 per sq.ft until the 2023 revision, which increased it to Rs 1,100 per sq.ft, marking a 10% rise. The latest revision in 2024 has kept the value steady at Rs 1,100 per sq.ft.

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

Guideline values in 2nd Division

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

• Singaperumal Thendai Mada Veethi: Rs 1,100 per sq.ft (2024)
• Singaperumal Sanathi Street: Rs 1,100 per sq.ft (2024)
• Singaperumal Mada Veethi: Rs 2,750 per sq.ft (2024)
• Singaperumal Keelandai 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 Vadakkum 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. It is important to note that 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 Vadakkum Mada Street?

The Sub Registrar Office that covers Singaperumal Vadakkum 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 critical factor in property transactions as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations during the transfer of property ownership.

When a property is sold, the guideline value is used to calculate the applicable charges, which can significantly affect the overall cost of the transaction. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Singaperumal Vadakkum 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 undergone several revisions, with the most recent increase from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for this street located?

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

What is the land classification of Singaperumal Vadakkum Mada Street?

Singaperumal Vadakkum Mada Street is classified as Residential Class II Type - II, indicating its suitability for residential development and use.