Guideline Value for KANCHI GARDAN

Kanchi Gardan guideline value

The current guideline value of Kanchi Gardan in Orikkai village is Rs 1,099 per sq.ft, effective from 1 July 2024. This property falls under the Kanchipuram Joint IV SRO and is classified as Residential Special Type - III.

How the guideline value of Kanchi Gardan has changed

The guideline value for Kanchi Gardan has seen significant changes over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 700 per sq.ft, which was then increased by 57% to Rs 1,099 per sq.ft in the 2024 revision.

This increase reflects a substantial rise in the guideline value, indicating a shift in the valuation for this street. The 2024 figure is now notably above the median value for other streets in Orikkai.

Guideline values in Orikkai

In Orikkai, there are 12 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 1,500 per sq.ft, with a median of Rs 975 per sq.ft. Kanchi Gardan's 2024 figure of Rs 1,099 per sq.ft is above this median.

• K.M.Avenue: Rs 1,110 per sq.ft (2024)
• Krishnan Nagar: Rs 800 per sq.ft (2024)
• Jayamala Kumar Avenue: Rs 910 per sq.ft (2024)
• Sai Enclave: Rs 825 per sq.ft (2024)
• Sri Lakshmi Vaikundavalli Nagar: Rs 975 per sq.ft (2024)
• Sriram Gardan: Rs 875 per sq.ft (2024)

Stamp duty and registration fee for property in Kanchi Gardan

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value would be Rs 10,99,000. The stamp duty at 7% would amount to Rs 76,930, and the registration fee at 2% would be Rs 21,980, bringing the total to Rs 98,910. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanchi Gardan?

The Kanchi Gardan area 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 information.

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

The guideline value plays a crucial role when buying or selling property in Orikkai. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure proper financial planning.

When a property is registered, the guideline value is considered to calculate the applicable charges. This ensures that the registration reflects the property's value accurately, adhering to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kanchi Gardan?

The current guideline value of Kanchi Gardan is Rs 1,099 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 700 per sq.ft to Rs 1,099 per sq.ft, marking a rise of 57%.

What is the land classification for Kanchi Gardan?

Kanchi Gardan is classified as Residential Special Type - III under the Kanchipuram Joint IV SRO.

What are the stamp duty and registration fees for property in Kanchi Gardan?

For a property valued at Rs 10,99,000, the stamp duty would be Rs 76,930 and the registration fee would be Rs 21,980, totaling Rs 98,910.

Where is the Sub Registrar Office for Kanchi Gardan located?

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