Guideline Value for KANCHI ENCLAVE

Kanchi Enclave guideline value

The current guideline value of Kanchi Enclave in Vedal village is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the Kanchipuram Joint IV SRO and is classified as Residential Special Type - I.

How the guideline value of Kanchi Enclave has changed

In the 2023 revision, the guideline value for Kanchi Enclave was Rs 700 per sq.ft, which remains unchanged in the 2024 revision. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

Between the 2023 and 2024 revisions, there has been a change of +0%. The guideline value has consistently been Rs 700 per sq.ft since the 2023 revision.

Guideline values in Vedal

In Vedal village, there are 6 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 1,950 per sq.ft. The median value for these streets is Rs 650 per sq.ft, placing Kanchi Enclave's 2024 figure above that median.

• Kanchi Big Town Phase-II: Rs 550 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 Enclave

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty, charged at 7%, would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kanchi Enclave?

Kanchi Enclave is covered by the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an important factor when registering property transactions in Vedal. It is used to determine the stamp duty and registration fees payable at the time of purchase or sale.

When a property is bought or sold, the guideline value serves as a benchmark for calculating taxes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kanchi Enclave?

The current guideline value of Kanchi Enclave in Vedal village is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 700 per sq.ft since the 2023 revision and has not changed in the 2024 revision. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the other streets in Vedal with guideline values?

Other streets in Vedal under the Kanchipuram Joint IV SRO have guideline values ranging from Rs 450 to Rs 1,950 per sq.ft. Kanchi Enclave's value is above the median of Rs 650 per sq.ft for the area.

How is stamp duty calculated for property in Kanchi Enclave?

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 700 per sq.ft, the total guideline value is Rs 7,00,000, leading to a stamp duty of Rs 49,000.

Which office handles registrations for Kanchi Enclave?

The Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone, handles registrations for Kanchi Enclave.