Guideline Value for Kanchi Natarajan Street

Kanchi Natarajan Street guideline value

The current guideline value of Kanchi Natarajan Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class II Type - II.

How the guideline value of Kanchi Natarajan Street has changed

The guideline value for Kanchi Natarajan Street has seen several revisions over the years. The 2007 revision set the value at Rs 3,290 per sq.ft, which increased to Rs 6,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 has raised the value to Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

Between the 2007 and 2012 revisions, there was a significant increase of 82%. Overall, from 2007 to 2024, the guideline value has increased by 101%. The register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

Kodambakkam village features 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, placing Kanchi Natarajan Street's 2024 figure above this median.

• Kanchi Manimozhiyar Colony (V.P): Rs 4,100 per sq.ft (2024)
• Kanagasabai Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 8th Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 7th Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 5th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kanchi Natarajan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total charges to Rs 5,94,000. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanchi Natarajan Street?

The Kanchi Natarajan Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, visit find your SRO.

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

The guideline value is an essential factor in property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is crucial to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kanchi Natarajan Street?

The current guideline value of Kanchi Natarajan Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,290 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 101% over this period.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Kanchi Natarajan Street's value above this median.

Where can I find the Sub Registrar Office for Kanchi Natarajan Street?

The Sub Registrar Office for Kanchi Natarajan Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Kanchi Natarajan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at 7%.