Guideline Value for Kanchi Kama Kodi 1st Cross Street

Kanchi Kama Kodi 1st Cross Street guideline value

The current guideline value of Kanchi Kama Kodi 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Kanchi Kama Kodi 1st Cross Street has changed

The guideline value register does not have figures for Kanchi Kama Kodi 1st Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

As there are no figures available for the previous revisions, it can be concluded that the guideline value has not changed over the years for this street. The current rate reflects the 2024 revision only.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value of Kanchi Kama Kodi 1st Cross Street is below this median.

• Kanchi Kama Kodi 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kanchi Kama Kodi 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kanchi Kama Kodi 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Kanchi Kama Kodi 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Kanchi Kama Kodi Main Road: Rs 2,200 per sq.ft (2024)
• Kanchi Kama Kodi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kanchi Kama Kodi 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value comes to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total fees would amount to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanchi Kama Kodi 1st Cross Street?

The Kanchi Kama Kodi 1st Cross Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor during property registration in Madipakkam-1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it can influence the overall transaction costs. Buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kanchi Kama Kodi 1st Cross Street?

The current guideline value of Kanchi Kama Kodi 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

What is the land classification of Kanchi Kama Kodi 1st Cross Street?

Kanchi Kama Kodi 1st Cross Street is classified as Residential Class II Type - I.

How many streets are there in Madipakkam-1 under the Velacheri SRO?

There are 1,823 streets in Madipakkam-1 that fall under the Velacheri SRO.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.