Guideline Value for KANCHIPURAM HIGH ROAD

Kanchipuram High Road guideline value

The current guideline value of Kanchipuram High Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Athur B Block village under the Chengleput Joint II SRO, with a land classification of Mixed Special Type - II.

How the guideline value of Kanchipuram High Road has changed

Over the years, the guideline value of Kanchipuram High Road has seen several revisions. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision has further raised the value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athur B Block

Athur B Block has a total of 79 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Kanchipuram High Road's 2024 figure above this median.

• Kamaraj Nagar: Rs 500 per sq.ft (2024)
• Krishna Garden: Rs 700 per sq.ft (2024)
• Krishna Nagar Extn - I: Rs 700 per sq.ft (2024)
• Kuberan Nagar: Rs 500 per sq.ft (2024)
• Iniyan Nagar: Rs 1,000 per sq.ft (2024)
• Hill View Enclave: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kanchipuram High Road

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanchipuram High Road?

The Kanchipuram 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 Athur B Block

The guideline value is an important reference for property transactions in Athur B Block. It determines the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is crucial for buyers and sellers to be aware of these values to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Kanchipuram High Road?

The current guideline value of Kanchipuram High Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 64% over this period.

What is the land classification for Kanchipuram High Road?

Kanchipuram High Road is classified as Mixed Special Type - II under the land classification system.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 11,00,000, the stamp duty would amount to Rs 77,000.