Guideline Value for Kanchi Ponnusamy Thottam ( Ward No.17 )

Kanchi Ponnusamy Thottam ( Ward No.17 ) guideline value

The current guideline value of Kanchi Ponnusamy Thottam ( Ward No.17 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Kanchi Ponnusamy Thottam ( Ward No.17 ) has changed

The guideline value for Kanchi Ponnusamy Thottam was revised in 2012 to Rs 1,500 per sq.ft. From 2012 to 2024, there has been an increase of 7%, bringing the current value to Rs 1,600 per sq.ft.

There are no figures available for the revisions in 2003, 2007, 2017, and 2023 for this street. The 2024 revision reflects the median value for streets in Madhavaram, which ranges from Rs 1,300 to Rs 7,500 per sq.ft.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. Kanchi Ponnusamy Thottam's 2024 guideline value of Rs 1,600 per sq.ft is equal to the median value of the area.

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

Stamp duty and registration fee for property in Kanchi Ponnusamy Thottam ( Ward No.17 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kanchi Ponnusamy Thottam ( Ward No.17 )?

The Kanchi Ponnusamy Thottam ( Ward No.17 ) area is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property in Madhavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

When a property is sold, the guideline value helps determine the legal sale price for registration purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kanchi Ponnusamy Thottam?

The current guideline value of Kanchi Ponnusamy Thottam ( Ward No.17 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase. There are no figures available for the years 2023, 2017, 2007, and 2003 for this street.

What classification does Kanchi Ponnusamy Thottam fall under?

Kanchi Ponnusamy Thottam is classified as Residential Class II Type - I. This classification is important for understanding the zoning and usage of the land.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kanchi Ponnusamy Thottam?

The Madhavaram Sub Registrar Office covers Kanchi Ponnusamy Thottam and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO by visiting the provided link.