Guideline Value for KANCHI BIG TOWN PHASE-II

Kanchi Big Town Phase-II guideline value

The current guideline value of Kanchi Big Town Phase-II is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vedal village, under the Kanchipuram Joint IV SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kanchi Big Town Phase-II has changed

According to the register, there are no figures available for Kanchi Big Town Phase-II for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 550 per sq.ft for the 2023 revision, which remains unchanged in the 2024 revision, also at Rs 550 per sq.ft, indicating a 0% change between these two years.

Thus, the guideline value has remained stable at Rs 550 per sq.ft since the 2023 revision. The absence of figures for earlier years suggests that the value has not been revised for a significant period prior to 2023.

Guideline values in Vedal

In Vedal, several streets are listed under the Kanchipuram Joint IV SRO, with guideline values ranging from Rs 450 to Rs 1,950 per sq.ft. The median guideline value in the village is Rs 650 per sq.ft, placing Kanchi Big Town Phase-II's 2024 figure below that median.

• Kanchi Enclave: Rs 700 per sq.ft (2024)
• Unnammed Layout: Rs 450 per sq.ft (2024)
• Brindavanam Avenue: Rs 600 per sq.ft (2024)
• Kanchi Big Town Phase -III: Rs 1,045 per sq.ft (2024)
• Metro Vedal City: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in Kanchi Big Town Phase-II

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanchi Big Town Phase-II?

Kanchi Big Town Phase-II falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Vedal, as it determines the minimum value on which stamp duty and registration fees are calculated. When a property is sold, the higher amount between the guideline value and the sale price is used to compute these fees.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the overall cost of property transactions. Ensuring that the property is registered at the correct guideline value can help avoid any legal complications in the future.

Frequently asked questions

What is the current guideline value of Kanchi Big Town Phase-II?

The current guideline value of Kanchi Big Town Phase-II is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 550 per sq.ft since the 2023 revision, with no changes recorded for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Kanchi Big Town Phase-II?

Kanchi Big Town Phase-II is classified as Residential Class II Type - II under the Kanchipuram Joint IV SRO.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Where can I find the Sub Registrar Office for Kanchi Big Town Phase-II?

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