Guideline Value for KANCHI GARDEN

Kanchi Garden guideline value

The current guideline value of Kanchi Garden in Vaiyavur village, under the Kanchipuram Joint I SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Kanchi Garden has changed

As per the register, there are no figures available for Kanchi Garden in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 250 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change from 2023 to 2024.

The guideline value for Kanchi Garden has consistently been Rs 250 per sq.ft from 2023 to 2024. This stability suggests that the value has not fluctuated over this period.

Guideline values in Vaiyavur

In Vaiyavur, there are 11 streets under the Kanchipuram Joint I SRO with a 2024 guideline value ranging from Rs 234 to Rs 800 per sq.ft. The median guideline value in this area is Rs 450 per sq.ft, placing Kanchi Garden's 2024 figure below this median.

• Kanchi Garden Extention: Rs 250 per sq.ft (2024)
• Osiya Garden: Rs 335 per sq.ft (2024)
• Ponnusamy Nagar: Rs 450 per sq.ft (2024)
• Sumangali Nagar: Rs 234 per sq.ft (2024)
• Aishwaryam Garden: Rs 700 per sq.ft (2024)
• Ganesh Garden: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kanchi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanchi Garden?

Kanchi Garden falls under the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Vaiyavur. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the sale or purchase of a property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Kanchi Garden?

The current guideline value of Kanchi Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 250 per sq.ft from the 2023 revision to the 2024 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land in Kanchi Garden?

Kanchi Garden is classified as Residential Class IV Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for properties in Kanchi Garden?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles the registration for Kanchi Garden?

The Kanchipuram Joint I Sub Registrar Office handles the registration for Kanchi Garden, located at No.52 Orikkai Madura, Udhayamangalam Village, Kanchipuram -631502.