Guideline Value for Kanchi Kamachi Nagar

Kanchi Kamachi Nagar guideline value

The current guideline value of Kanchi Kamachi Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Kanchi Kamachi Nagar has changed

The guideline value for Kanchi Kamachi Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 300 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 233%. However, the value dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The guideline value remained the same at Rs 1,000 per sq.ft in both 2023 and 2024, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 233%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, and Kanchi Kamachi Nagar's 2024 figure aligns with this median.

• Kannan Nagar: Rs 1,000 per sq.ft (2024)
• Karthik Nagar: Rs 1,000 per sq.ft (2024)
• Karthik Nagar Extn: Rs 1,000 per sq.ft (2024)
• Karumuthu Thiyagaraja Nagar: Rs 1,000 per sq.ft (2024)
• Kalaignar Kaunanithi Nagar: Rs 1,000 per sq.ft (2024)
• Kavignar Kannadasan Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kanchi Kamachi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanchi Kamachi Nagar?

The Kanchi Kamachi Nagar area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Adhanoor, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, buyers and sellers must be aware that the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kanchi Kamachi Nagar?

The current guideline value of Kanchi Kamachi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then dropping to Rs 670 per sq.ft in 2017, and remaining at Rs 1,000 per sq.ft in 2023 and 2024.

What is the classification of land in Kanchi Kamachi Nagar?

Kanchi Kamachi Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kanchi Kamachi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000.