Guideline Value for Kanchi Nagar Road ( Ward No.29 )

Kanchi Nagar Road ( Ward No.29 ) guideline value

The current guideline value of Kanchi Nagar Road ( Ward No.29 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kanchi Nagar Road ( Ward No.29 ) has changed

According to the guideline value register, there are no figures available for Kanchi Nagar Road in the revisions from the years 2023, 2017, 2012, 2007, 2003, and 2002. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft.

As such, there have been no changes in the guideline value for this street across the previous revisions, and the register has no figures for the years mentioned above.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Kanchi Nagar Road ( Ward No.29 )'s guideline value is below this median.

• Kanchi Nagar Extension: Rs 1,300 per sq.ft (2024)
• Kanchi Nagar (Ward-29): Rs 1,300 per sq.ft (2024)
• Kanchi Nagar: 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 Road ( Ward No.29 )

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 amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that 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 details.

Which Sub Registrar Office covers Kanchi Nagar Road ( Ward No.29 )?

The Sub Registrar Office that covers Kanchi Nagar Road ( Ward No.29 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. Buyers should be aware of these values to accurately assess the total expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Kanchi Nagar Road ( Ward No.29 )?

The current guideline value of Kanchi Nagar Road ( Ward No.29 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

What is the land classification for Kanchi Nagar Road ( Ward No.29 )?

Kanchi Nagar Road ( Ward No.29 ) is classified as Residential Class III Type - I.

How many streets in Madhavaram have a 2024 guideline value?

There are 1,946 streets in Madhavaram under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.