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Guideline Value

Corporate

Guideline Value for Kanchi Kamatchi Amman Nagar 5th Cross Street

₹2200/sq.ft.

The guideline value for Kanchi Kamatchi Amman Nagar 5th Cross Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. 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 N/A
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 5th Cross Street

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Kanchi Kamatchi Amman Nagar 5th Cross Street guideline value

The current guideline value of Kanchi Kamatchi Amman Nagar 5th 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Kanchi Kamatchi Amman Nagar 5th Cross Street has changed

In the 2017 revision, the guideline value for Kanchi Kamatchi Amman Nagar 5th Cross Street was Rs 1,340 per sq.ft. The most recent 2024 revision shows a significant increase to Rs 2,200 per sq.ft, marking a change of +64% from the 2017 figure. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024. The absence of figures in the intervening years indicates that the value was not updated during those periods.

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. Kanchi Kamatchi Amman Nagar 5th Cross Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Kanchi Kamatchi Amman Nagar 5th 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, 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.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kanchi Kamatchi Amman Nagar 5th Cross Street?

The Kanchi Kamatchi Amman Nagar 5th 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 information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value is used to calculate the stamp duty and registration fees during the registration process.

When purchasing property in Madipakkam-1, it is essential to consider the guideline value to ensure compliance with legal requirements. This value is set by the Registration Department and is subject to periodic revisions based on various factors.

Frequently asked questions

What is the current guideline value of Kanchi Kamatchi Amman Nagar 5th Cross Street?

The current guideline value of Kanchi Kamatchi Amman Nagar 5th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, which is a change of +64%.

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

Other streets in Madipakkam-1 that share the same guideline value of Rs 2,200 per sq.ft include Kanchi Kamatchi Amman Nagar 4th Cross Street, Kanchi Kamatchi Nagar 1st Main Road, Kanchi Kamatchi Amman Nagar 3rd Cross Street, Kanchi Kamatchi Nagar 2nd Main Road, Kanchi Kamatchi Amman Nagar 2nd Cross Street, and Kanchi Kamatchi Nagar 3rd Main Road.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Kanchi Kamatchi Amman Nagar 5th Cross Street?

The stamp duty for properties in Kanchi Kamatchi Amman Nagar 5th Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.