Guideline Value for Yathothakari Thenandai Mada Street

Yathothakari Thenandai Mada Street guideline value

The current guideline value of Yathothakari Thenandai Mada Street is Rs 1,100 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - II.

How the guideline value of Yathothakari Thenandai Mada Street has changed

Over the years, the guideline value of Yathothakari Thenandai Mada Street has experienced several revisions. 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 finally, it rose to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in 2nd Division

In the 2nd Division under the Kanchipuram Joint IV SRO, there are 101 streets that have a guideline value for 2024, ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Yathothakari Thenandai Mada Street's 2024 figure below the median.

• Yathothakari Singaperumal Mela Mada Street: Rs 800 per sq.ft (2024)
• Yathothakari Sannathi Street: Rs 1,650 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 Thenandai 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 amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yathothakari Thenandai Mada Street?

The Kanchipuram Joint IV Sub Registrar Office covers Yathothakari Thenandai Mada Street. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor when buying or selling property in the 2nd Division. It serves as a benchmark for determining the registration fees and stamp duties that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that both parties are aware of the financial obligations involved in the transaction, making the process transparent and standardized.

Frequently asked questions

What is the current guideline value of Yathothakari Thenandai Mada Street?

The current guideline value of Yathothakari Thenandai 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 2023 to Rs 1,100 per sq.ft in 2024, marking a 10% increase. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What is the land classification for Yathothakari Thenandai Mada Street?

Yathothakari Thenandai Mada Street is classified as Residential Class II Type - II under the Kanchipuram Joint IV SRO.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles the registration for this street?

The Kanchipuram Joint IV Sub Registrar Office is responsible for the registration of properties on Yathothakari Thenandai Mada Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.