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Guideline Value

Corporate

Guideline Value for Kanchivakkam to Serappananchery Road

₹440/sq.ft.

The guideline value for Kanchivakkam To Serappananchery Road in Navaloor village (Padappai SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Navaloor

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kanchivakkam To Serappananchery Road

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Kanchivakkam to Serappananchery Road guideline value

The current guideline value of Kanchivakkam to Serappananchery Road is Rs 440 per sq.ft, effective from 1 July 2024. This road is located in Navaloor village and falls under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of Kanchivakkam to Serappananchery Road has changed

The guideline value for Kanchivakkam to Serappananchery Road has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following that, the value increased significantly to Rs 400 per sq.ft in the 2023 revision, and then to Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the years, the guideline value saw a 49% increase from 2017 to 2023. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,000 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value of Kanchivakkam to Serappananchery Road is below this median.

Stamp duty and registration fee for property in Kanchivakkam to Serappananchery Road

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanchivakkam to Serappananchery Road?

The Kanchivakkam to Serappananchery Road falls under the Padappai Sub Registrar Office located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during property registration in Navaloor. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When a property is bought or sold, the guideline value helps establish a baseline for the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the associated fees.

Frequently asked questions

What is the current guideline value of Kanchivakkam to Serappananchery Road?

The current guideline value of Kanchivakkam to Serappananchery Road is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the registration office for Kanchivakkam to Serappananchery Road?

The registration office for Kanchivakkam to Serappananchery Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 4,40,000, the stamp duty is Rs 30,800 and the registration fee is Rs 8,800, totaling Rs 39,600. These fees are based on the guideline value.

How is the guideline value determined for properties in Navaloor?

The guideline value for properties in Navaloor is determined by the Registration Department's guideline value register. It is updated periodically to reflect changes in property values within the area.