Guideline Value for KANCHEEPURAM HIGH ROAD

Kancheepuram High Road guideline value

The current guideline value of Kancheepuram High Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Kancheepuram High Road has changed

Over the years, the guideline value of Kancheepuram High Road has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 1,675 per sq.ft. The 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Kancheepuram High Road's 2024 figure above this median.

• Kamarajar Street Ward-2: Rs 1,650 per sq.ft (2024)
• Karimedu: Rs 1,100 per sq.ft (2024)
• Kalathumettu Street: Rs 1,100 per sq.ft (2024)
• Kalaivanar N.S.K(Kavarai Street): Rs 2,200 per sq.ft (2024)
• Kalainagar Karunathi Street: Rs 1,100 per sq.ft (2024)
• Kathan Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kancheepuram High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kancheepuram High Road?

The Kancheepuram High Road is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Chengalpattu Natham

The guideline value is a crucial factor in property transactions in Chengalpattu Natham. It serves as a benchmark for the registration of properties, ensuring that the transactions are recorded at a fair value as per the government's standards.

When buying or selling property, the guideline value affects the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Kancheepuram High Road?

The current guideline value of Kancheepuram High Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Kancheepuram High Road?

Kancheepuram High Road is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the registration office for Kancheepuram High Road?

The registration office for Kancheepuram High Road is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kancheepuram High Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the same value.