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Guideline Value

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Guideline Value for Kanchi Kamatchi Amman Nagar 4th Cross Street

₹2200/sq.ft.

The guideline value for Kanchi Kamatchi Amman Nagar 4th Cross Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Kamatchi Amman Nagar 4th Cross Street

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Kanchi Kamatchi Amman Nagar 4th Cross Street guideline value

The current guideline value for Kanchi Kamatchi Amman Nagar 4th 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 Kamatchi Amman Nagar 4th Cross Street has changed

The guideline value for Kanchi Kamatchi Amman Nagar 4th Cross Street has seen significant changes 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, marking a 49% increase. The most recent revision in 2024 raised the value further to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 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, a total of 1823 streets are registered under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, positioning Kanchi Kamatchi Amman Nagar 4th Cross Street below this median.

Stamp duty and registration fee for property in Kanchi Kamatchi Amman Nagar 4th 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 amounts 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, totaling 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 calculate your stamp duty and registration fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanchi Kamatchi Amman Nagar 4th Cross Street?

The Kanchi Kamatchi Amman Nagar 4th 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 plays a crucial role in property transactions in Madipakkam-1. It serves as the basis for calculating the stamp duty and registration fees during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with the legal requirements.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Kanchi Kamatchi Amman Nagar 4th Cross Street?

The current guideline value for Kanchi Kamatchi Amman Nagar 4th Cross Street 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 changed from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023, and then to Rs 2,200 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What are the other streets in Madipakkam-1 with the same guideline value?

Other streets in Madipakkam-1 that share the same guideline value of Rs 2,200 per sq.ft include Kanchi Kamatchi Amman Nagar 3rd Cross Street, Kanchi Kamatchi Amman Nagar 5th Cross Street, Kanchi Kamatchi Amman Nagar 2nd Cross Street, Kanchi Kamatchi Nagar 1st Main Road, Kanchi Kamatchi Amman Nagar 1st Cross Street, and Kanchi Kamatchi Nagar 2nd Main Road.

What is the registration fee for property in Kanchi Kamatchi Amman Nagar 4th Cross Street?

The registration fee for property in Kanchi Kamatchi Amman Nagar 4th Cross Street is 2% of the guideline value. For a property valued at Rs 22,00,000, the registration fee would be Rs 44,000.

Where can I find the Sub Registrar Office for Kanchi Kamatchi Amman Nagar 4th Cross Street?

The Velacheri Sub Registrar Office covers Kanchi Kamatchi Amman Nagar 4th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.