Guideline Value for Yathothakari Vadavandai Mada Veethi

Yathothakari Vadavandai Mada Veethi guideline value

The current guideline value of Yathothakari Vadavandai Mada Veethi is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in the Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - I.

How the guideline value of Yathothakari Vadavandai Mada Veethi has changed

Over the years, the guideline value for Yathothakari Vadavandai Mada Veethi has seen significant changes. The 2012 revision recorded a guideline value of Rs 1,500 per sq.ft, which was then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased to Rs 1,500 per sq.ft in 2023, and finally rose to Rs 1,650 per sq.ft in the 2024 revision.

This represents a 10% increase from 2023 to 2024, a substantial 49% increase from 2017 to 2023, and a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In the Ist Division under the Kanchipuram Joint IV SRO, there are 79 streets that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Yathothakari Vadavandai Mada Veethi above this median.

• Yagasalai Mandapam Street: Rs 1,650 per sq.ft (2024)
• Vazhamunusamy Nagar: Rs 880 per sq.ft (2024)
• Varaguvasarl Street @ C.N.Annadurai Street: Rs 1,650 per sq.ft (2024)
• Varadharajapuram Street: Rs 880 per sq.ft (2024)
• Vaniyar Street @ Chairman Sambasivam Street: Rs 1,650 per sq.ft (2024)
• Vagavathi Street: Rs 880 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to 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, totaling Rs 1,48,500. Please 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 Vadavandai Mada Veethi?

The Kanchipuram Joint IV Sub Registrar Office covers Yathothakari Vadavandai Mada Veethi. 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 Ist Division

The guideline value is an essential factor in property transactions within Ist Division. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is crucial to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

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

The current guideline value of Yathothakari 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 significantly from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various revisions in between reflecting increases and decreases.

What is the stamp duty for properties in Yathothakari Vadavandai Mada Veethi?

The stamp duty for properties in Yathothakari Vadavandai Mada Veethi is 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.

Where can I find the Sub Registrar Office for Yathothakari Vadavandai Mada Veethi?

The Sub Registrar Office for Yathothakari Vadavandai Mada Veethi is the Kanchipuram Joint IV SRO, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the land classification for Yathothakari Vadavandai Mada Veethi?

Yathothakari Vadavandai Mada Veethi is classified as Residential Class I Type - I, indicating its suitability for residential purposes.