Guideline Value for Yathothakari Singaperumal Mela Mada Street

Yathothakari Singaperumal Mela Mada Street guideline value

The current guideline value of Yathothakari Singaperumal Mela Mada Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village, under the Kanchipuram Joint IV SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Yathothakari Singaperumal Mela Mada Street has changed

The guideline value for Yathothakari Singaperumal Mela Mada Street has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. This figure then decreased to Rs 469 per sq.ft in the 2017 revision, marking a decline of 33%. The value increased again to Rs 700 per sq.ft in the 2023 revision, and subsequently rose to Rs 800 per sq.ft in the 2024 revision, reflecting a 14% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a net increase of 14%. It's important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in 2nd Division

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

• Yathothakari Sannathi Street: Rs 1,650 per sq.ft (2024)
• Yathothakari Thenandai Mada Street: Rs 1,100 per sq.ft (2024)
• Yathothakarai Keelandai Mada Street: Rs 1,650 per sq.ft (2024)
• Yathokarai Vadavandai Mada Veethi: Rs 1,650 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 Yathothakari Singaperumal Mela Mada Street

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Yathothakari Singaperumal Mela Mada Street?

The Kanchipuram Joint IV Sub Registrar Office covers Yathothakari Singaperumal Mela Mada Street. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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 of property transactions in the 2nd Division. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the costs involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Yathothakari Singaperumal Mela Mada Street?

The current guideline value of Yathothakari Singaperumal Mela Mada Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 800 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Yathothakari Singaperumal Mela Mada Street is Residential Class V Type - I.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total stamp duty would be Rs 56,000.