Guideline Value for Yathokarai Vadavandai Mada Veethi

Yathokarai Vadavandai Mada Veethi guideline value

The current guideline value of Yathokarai Vadavandai Mada Veethi is Rs 1,650 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 I Type - III.

How the guideline value of Yathokarai Vadavandai Mada Veethi has changed

The guideline value for Yathokarai Vadavandai Mada Veethi has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later reduced to Rs 1,005 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,650 per sq.ft.

Between these revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in 2nd Division

In the 2nd Division under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, placing Yathokarai Vadavandai Mada Veethi at this median value.

• Yathothakarai Keelandai Mada Street: Rs 1,650 per sq.ft (2024)
• Yathothakari Sannathi Street: Rs 1,650 per sq.ft (2024)
• Yathothakari Singaperumal Mela Mada Street: Rs 800 per sq.ft (2024)
• Yathothakari Thenandai Mada Street: Rs 1,100 per sq.ft (2024)
• Vishnukanchi Road: Rs 1,100 per sq.ft (2024)
• Vilakadi Kovil Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Yathokarai Vadavandai Mada Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yathokarai Vadavandai Mada Veethi?

The Yathokarai Vadavandai Mada Veethi is covered by 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 plays a crucial role during the registration of property transactions in the 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the financial obligations associated with the transaction. Buyers should ensure that they are prepared for these costs to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Yathokarai Vadavandai Mada Veethi?

The current guideline value of Yathokarai Vadavandai Mada Veethi is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Yathokarai Vadavandai Mada Veethi?

Yathokarai Vadavandai Mada Veethi is classified as Residential Class I Type - III.

Which office handles registrations for Yathokarai Vadavandai Mada Veethi?

The Kanchipuram Joint IV Sub Registrar Office handles registrations for Yathokarai Vadavandai Mada Veethi, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

How is the stamp duty calculated for property in Yathokarai Vadavandai Mada Veethi?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,15,500.