Guideline Value for VAIGUNDAPERUMAL MADA STREET

Vaigundaperumal Mada Street guideline value

The current guideline value of Vaigundaperumal Mada Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Class III Type - III.

How the guideline value of Vaigundaperumal Mada Street has changed

The guideline value for Vaigundaperumal Mada Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The register has no figures for the years 2002, 2003, and 2007.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 1,650 per sq.ft. Vaigundaperumal Mada Street's current guideline value is below this median.

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

Stamp duty and registration fee for property in Vaigundaperumal 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 would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, leading to a total cost of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vaigundaperumal Mada Street?

The Sub Registrar Office that covers Vaigundaperumal 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 critical factor in the registration process when buying or selling property in Kanchipuram Town. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are transparent and adhere to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Vaigundaperumal Mada Street?

The current guideline value of Vaigundaperumal 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 from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and is currently Rs 1,100 per sq.ft in 2024.

What is the stamp duty for properties in Vaigundaperumal Mada Street?

The stamp duty for properties in Vaigundaperumal Mada Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration of properties in Kanchipuram Town?

The Kanchipuram Joint I Sub Registrar Office handles the registration of properties in Kanchipuram Town.

What is the land classification of Vaigundaperumal Mada Street?

Vaigundaperumal Mada Street is classified as Residential Class III Type - III.