Guideline Value for Kanchi Kama Kodi 3rd Cross Street

Kanchi Kama Kodi 3rd Cross Street guideline value

The current guideline value for Kanchi Kama Kodi 3rd Cross Street is Rs 2,200 per sq.ft. 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 3rd Cross Street has changed

The guideline value for Kanchi Kama Kodi 3rd Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has risen by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing Kanchi Kama Kodi 3rd Cross Street's 2024 figure below this median.

• Kanchi Kama Kodi 2nd 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 1st 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 3rd 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 would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanchi Kama Kodi 3rd Cross Street?

The Kanchi Kama Kodi 3rd Cross Street falls under 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 information.

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

The guideline value is a crucial factor when registering property transactions in Madipakkam-1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

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

Frequently asked questions

What is the current guideline value for Kanchi Kama Kodi 3rd Cross Street?

The current guideline value for Kanchi Kama Kodi 3rd Cross Street is Rs 2,200 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024. This represents an overall increase of 64% over the seven years.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Kanchi Kama Kodi 3rd Cross Street?

The Velacheri Sub Registrar Office handles registrations for Kanchi Kama Kodi 3rd Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Kanchi Kama Kodi 3rd Cross Street?

Kanchi Kama Kodi 3rd Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.