Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Kanchi Kamatchi Nagar 2nd Main Road

₹2200/sq.ft.

The guideline value for Kanchi Kamatchi Nagar 2nd Main Road 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 Nagar 2nd Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Kanchi Kamatchi Nagar 2nd Main Road guideline value

The current guideline value of Kanchi Kamatchi Nagar 2nd Main Road 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 Nagar 2nd Main Road has changed

The guideline value for Kanchi Kamatchi Nagar 2nd Main Road has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,340 per sq.ft. The most recent revision, effective from 1 July 2024, shows a significant increase to Rs 2,200 per sq.ft, marking a change of +64% from the 2017 figure.

There are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only values to consider are from 2017 and 2024.

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 guideline value for these streets is Rs 2,750 per sq.ft, indicating that Kanchi Kamatchi Nagar 2nd Main Road's 2024 figure is below this median.

Stamp duty and registration fee for property in Kanchi Kamatchi Nagar 2nd 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 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, leading to a total cost of Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanchi Kamatchi Nagar 2nd Main Road?

The Kanchi Kamatchi Nagar 2nd 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 details.

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

The guideline value is an essential component in the property registration process in Madipakkam-1. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the Velacheri SRO.

It is crucial for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Understanding how the guideline value is applied can help in budgeting for the associated fees during the property transaction.

Frequently asked questions

What is the current guideline value of Kanchi Kamatchi Nagar 2nd Main Road?

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

How much has the guideline value changed over the years?

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

What is the median guideline value for streets in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft, which is above the current guideline value of Kanchi Kamatchi Nagar 2nd Main Road.

What are the registration fees for property in Kanchi Kamatchi Nagar 2nd Main Road?

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

Which office handles the registration for Kanchi Kamatchi Nagar 2nd Main Road?

The Velacheri Sub Registrar Office handles the registration for Kanchi Kamatchi Nagar 2nd Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.