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Guideline Value

Corporate

Guideline Value for Kanchi Kamatchi Nagar Main Road

₹2200/sq.ft.

The guideline value for Kanchi Kamatchi Nagar 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 Main Road

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Kanchi Kamatchi Nagar Main Road guideline value

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

The guideline value for Kanchi Kamatchi Nagar Main Road has undergone several revisions over the years. The earliest recorded revision was in 2002, 2003, 2007, 2012, and 2023, but the register has no figure for this street in those years. The 2017 revision set the guideline value at Rs 1,340 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2024 revision, marking a significant change of +64%.

With the 2024 revision, the current guideline value reflects an increase from the previous figure set in 2017. This change indicates a notable adjustment in the valuation of the property along this road, aligning with the current market conditions as recorded by the Registration Department's guideline value register.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Kanchi Kamatchi Nagar Main Road's 2024 figure below the median.

Stamp duty and registration fee for property in Kanchi Kamatchi Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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 guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanchi Kamatchi Nagar Main Road?

The Kanchi Kamatchi Nagar Main Road 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 the registration process of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable charges. Buyers must ensure that the sale price is not lower than the guideline value to avoid any legal issues during the registration process.

Frequently asked questions

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

The current guideline value of Kanchi Kamatchi Nagar 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 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting a change of +64%.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, with Kanchi Kamatchi Nagar Main Road's 2024 figure being below this median.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 2,200 per sq.ft incurs a total of Rs 1,98,000 in fees.