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Guideline Value

Corporate

Guideline Value for Kanchi Kamatchi Nagar 4th Main Road

₹2200/sq.ft.

The guideline value for Kanchi Kamatchi Nagar 4th 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 4th Main Road

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Kanchi Kamatchi Nagar 4th Main Road guideline value

The current guideline value for Kanchi Kamatchi Nagar 4th 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, classified as Residential Class II Type - I.

How the guideline value of Kanchi Kamatchi Nagar 4th Main Road has changed

The guideline value for Kanchi Kamatchi Nagar 4th Main Road has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 1,340 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,200 per sq.ft, marking a significant change of +64% from the previous figure.

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

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 in this area is Rs 2,750 per sq.ft, placing Kanchi Kamatchi Nagar 4th Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Kanchi Kamatchi Nagar 4th 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, bringing the total cost of duty and fees 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 our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Kanchi Kamatchi Nagar 4th Main Road?

The Kanchi Kamatchi Nagar 4th Main Road falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When selling property, the guideline value is also considered to ensure that the transaction reflects the official value set by the authorities. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Kanchi Kamatchi Nagar 4th Main Road?

The current guideline value of Kanchi Kamatchi Nagar 4th Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking a change of +64%.

What is the classification of Kanchi Kamatchi Nagar 4th Main Road?

Kanchi Kamatchi Nagar 4th Main Road is classified as Residential Class II Type - I under the Velacheri SRO.

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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 incurs a stamp duty of Rs 1,54,000.