Guideline Value for Kanchi Nagar Extension

Kanchi Nagar Extension guideline value

The current guideline value of Kanchi Nagar Extension is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Kanchi Nagar Extension has changed

The guideline value register for Kanchi Nagar Extension shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which sets the guideline value at Rs 1,300 per sq.ft.

Since there are no previous figures listed for this street, there are no changes to report between revisions. The current value of Rs 1,300 per sq.ft is the first recorded figure in the guideline value register for Kanchi Nagar Extension.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Kanchi Nagar Extension's value below this median.

• Kanchi Nagar: Rs 1,300 per sq.ft (2024)
• Kanchi Nagar Road ( Ward No.29 ): Rs 1,300 per sq.ft (2024)
• Kanchi Nagar (Ward-29): Rs 1,300 per sq.ft (2024)
• Kanchi Ponnusamy Garden / K.P. Garden: Rs 1,600 per sq.ft (2024)
• Kanchi Ponnusamy Thottam ( Ward No.17 ): Rs 1,600 per sq.ft (2024)
• Kanda Kottam: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kanchi Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 specific calculations.

Which Sub Registrar Office covers Kanchi Nagar Extension?

The Sub Registrar Office that covers Kanchi Nagar Extension is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is a crucial factor when registering property transactions in Madhavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When you buy or sell property, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties and fees. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Kanchi Nagar Extension?

The current guideline value of Kanchi Nagar Extension is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Kanchi Nagar Extension. The only recorded value is Rs 1,300 per sq.ft from the 2024 revision.

What is the median guideline value in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft, while Kanchi Nagar Extension's value is below this median at Rs 1,300 per sq.ft.

What are the stamp duty and registration fees for property in Kanchi Nagar Extension?

For a 1,000 sq.ft plot valued at Rs 1,300 per sq.ft, the total guideline value is Rs 13,00,000, with a stamp duty of Rs 91,000 and a registration fee of Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for Kanchi Nagar Extension located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, and it serves the Kanchi Nagar Extension area.