Guideline Value for Yathothakarai Keelandai Mada Street

Yathothakarai Keelandai Mada Street guideline value

The current guideline value of Yathothakarai Keelandai Mada Street 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, classified as Residential Class I Type - III.

How the guideline value of Yathothakarai Keelandai Mada Street has changed

The guideline value for Yathothakarai Keelandai Mada Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft. Following this, the guideline value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

From the 2017 revision to 2023, the guideline value increased by 49%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in 2nd Division

In the 2nd Division village 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 value is Rs 1,650 per sq.ft, which aligns with the current guideline value of Yathothakarai Keelandai Mada Street.

• Yathokarai Vadavandai Mada Veethi: 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 Yathothakarai Keelandai Mada Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty is charged at 7%, totaling Rs 1,15,500, while the registration fee is 2%, amounting to Rs 33,000. Together, the total fees would be 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yathothakarai Keelandai Mada Street?

The Sub Registrar Office that covers Yathothakarai Keelandai 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 plays a crucial role in the registration process when buying or selling property in 2nd Division. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these fees are calculated based on the official valuation of the property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Yathothakarai Keelandai Mada Street?

The current guideline value of Yathothakarai Keelandai Mada Street 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 increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the median guideline value in 2nd Division?

The median guideline value in 2nd Division is Rs 1,650 per sq.ft, which is the same as the current guideline value for Yathothakarai Keelandai Mada Street.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Yathothakarai Keelandai Mada Street?

The Kanchipuram Joint IV Sub Registrar Office handles the registration for Yathothakarai Keelandai Mada Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.