Guideline Value for ULAGALANDAR MADA STREET

Ulagalandar Mada Street guideline value

The current guideline value of Ulagalandar Mada Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village and falls under the Kanchipuram Joint I SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Ulagalandar Mada Street has changed

The guideline value for Ulagalandar Mada Street has undergone several revisions over the years. The earliest available figure is from 2012, where it was set at Rs 3,000 per sq.ft. This value remained the same in the 2012 revision, but in the following revision in 2017, it decreased to Rs 2,010 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 3,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 3,300 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Ulagalandar Mada Street's 2024 figure significantly above this median.

• Ulagalandar Sannathi Street: Rs 3,300 per sq.ft (2024)
• Upperikulam Street: Rs 1,650 per sq.ft (2024)
• Vaigundaperumal Kovil Sannathi Street: Rs 1,100 per sq.ft (2024)
• Vaigundaperumal Mada Street: Rs 1,100 per sq.ft (2024)
• Vaitheeyar Street: Rs 1,980 per sq.ft (2024)
• Varadhappan Back Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Ulagalandar Mada Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ulagalandar Mada Street?

The Sub Registrar Office that covers Ulagalandar Mada Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kanchipuram Town

The guideline value is a crucial factor when buying or selling property in Kanchipuram Town. It serves as a benchmark for determining the minimum price at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are assessed fairly.

When a property is sold, the guideline value helps in establishing a transparent transaction process. Buyers and sellers can refer to the guideline value to understand the market standards, making it easier to negotiate and finalize the sale price.

Frequently asked questions

What is the current guideline value of Ulagalandar Mada Street?

The current guideline value of Ulagalandar Mada Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Ulagalandar Mada Street?

The land classification for Ulagalandar Mada Street is Residential Special Type - III.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this street?

The Kanchipuram Joint I Sub Registrar Office covers Ulagalandar Mada Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.