Guideline Value for Kanchivakkam to Vellarithangal Road

Kanchivakkam to Vellarithangal Road guideline value

The current guideline value of Kanchivakkam to Vellarithangal 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. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kanchivakkam to Vellarithangal Road has changed

The guideline value for Kanchivakkam to Vellarithangal Road has seen several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and further rose to Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Padappai SRO with 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 for Kanchivakkam to Vellarithangal Road is below this median.

• Kanchivakkam to Serappananchery Road: Rs 440 per sq.ft (2024)
• Kavin Town Ship: Rs 560 per sq.ft (2024)
• Krishna Nagar Part I: Rs 550 per sq.ft (2024)
• Green Grove Co-Operative Jeyam Nagar: Rs 770 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 440 per sq.ft (2024)
• Ezhil Nagar: Rs 550 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the 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, totaling Rs 39,600. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kanchivakkam to Vellarithangal Road?

The Kanchivakkam to Vellarithangal Road is covered by the Padappai Sub Registrar Office located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Navaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 400 per sq.ft to Rs 440 per sq.ft in 2024, reflecting an overall increase of 10% over this period.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Kanchivakkam to Vellarithangal Road?

The Padappai Sub Registrar Office handles property registrations for Kanchivakkam to Vellarithangal Road, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Kanchivakkam to Vellarithangal Road?

The land classification for Kanchivakkam to Vellarithangal Road is Residential Class II Type - I.