Guideline Value for Kanchi Kama Kodi Main Road

Kanchi Kama Kodi Main Road guideline value

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

How the guideline value of Kanchi Kama Kodi Main Road has changed

The guideline value for Kanchi Kama Kodi Main Road has undergone several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 1,340 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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. The median value for these streets is Rs 2,750 per sq.ft, placing Kanchi Kama Kodi Main Road's 2024 figure below this median.

• Kanchi Kama Kodi 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Kanchi Kama Kodi Nagar: Rs 2,200 per sq.ft (2024)
• Kanchi Kama Kodi 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Kanchi Kamatchi Amman Nagar: Rs 2,200 per sq.ft (2024)
• Kanchi Kama Kodi 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kanchi Kamatchi Amman Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kanchi Kama Kodi Main Road

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, bringing the total 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanchi Kama Kodi Main Road?

Kanchi Kama Kodi Main Road 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 information.

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

The guideline value plays a crucial role in property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. This ensures that the transaction is recorded accurately and legally.

When selling a property, the guideline value helps establish a baseline for negotiations and ensures compliance with local regulations. Buyers and sellers should be aware of the current guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Kanchi Kama Kodi Main Road?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over the years.

What is the median guideline value in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft, which is higher than the current value of Kanchi Kama Kodi Main Road.

What are the stamp duty and registration fees for properties in Kanchi Kama Kodi Main Road?

The stamp duty is charged at 7%, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would be Rs 1,98,000.

Which office handles the registration for Kanchi Kama Kodi Main Road?

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