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Guideline Value

Corporate

Guideline Value for Kanchi Nagar (Ward-29)

₹1300/sq.ft.

The guideline value for Kanchi Nagar (ward-29) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kanchi Nagar (ward-29)

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Kanchi Nagar (Ward-29) guideline value

The current guideline value for Kanchi Nagar (Ward-29) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Kanchi Nagar (Ward-29) has changed

The guideline value for Kanchi Nagar has seen changes over the years. In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. The most recent revision in 2024 has increased this to Rs 1,300 per sq.ft, marking an increase of 8% from the 2012 figure. Notably, the register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

From the 2012 revision to the 2024 revision, the increase reflects the adjustments made to the guideline value in response to various factors. The 2024 figure of Rs 1,300 per sq.ft indicates a specific valuation for Kanchi Nagar (Ward-29) within the broader context of Madhavaram's real estate landscape.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that have a guideline value for 2024, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, indicating that Kanchi Nagar's 2024 figure is below this median.

Stamp duty and registration fee for property in Kanchi Nagar (Ward-29)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kanchi Nagar (Ward-29)?

The Sub Registrar Office that covers Kanchi Nagar (Ward-29) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kanchi Nagar (Ward-29)?

The current guideline value of Kanchi Nagar (Ward-29) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kanchi Nagar has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, reflecting an increase of 8%. There are no figures available for the years 2003, 2007, 2017, and 2023 for this street.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft for the year 2024. Kanchi Nagar's guideline value is below this median.

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

The stamp duty for property in Kanchi Nagar is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,17,000.

Where can I find the Sub Registrar Office for Kanchi Nagar?

The Sub Registrar Office for Kanchi Nagar (Ward-29) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information on how to locate your SRO online.