Guideline Value for Kanchi Nagar

Kanchi Nagar guideline value

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

How the guideline value of Kanchi Nagar has changed

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

Since the 2024 revision is the only figure available for Kanchi Nagar, there have been no changes between the revisions above. The absence of figures in the previous years indicates that this street has not seen any guideline value adjustments recorded in the register.

Guideline values in Madhavaram

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

• Kanchi Nagar Extension: 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

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 the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanchi Nagar?

Kanchi Nagar is covered by 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 plays a crucial role during the registration of property transactions in Madhavaram. 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 essential for calculating the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher value between the guideline value and the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Kanchi Nagar?

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

How has the guideline value changed over the years?

There have been no recorded figures for Kanchi Nagar in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 1,300 per sq.ft.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram have varying guideline values, with rates ranging from Rs 1,300 to Rs 7,500 per sq.ft. Kanchi Nagar's value is below the median of Rs 1,600 per sq.ft.

What is the stamp duty rate for properties in Kanchi Nagar?

The stamp duty rate for properties in Kanchi Nagar is 7% of the guideline value or sale price, whichever is higher. This is an important cost to consider when registering a property.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in Kanchi Nagar.