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Guideline Value

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Guideline Value for Kanmalar Pon Nagar/Church Street

₹2750/sq.ft.

The guideline value for Kanmalar Pon Nagar/church Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Kanmalar Pon Nagar/church Street

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Kanmalar Pon Nagar/Church Street guideline value

The current guideline value of Kanmalar Pon Nagar/Church Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO and is classified as Residential Class I Type - III.

How the guideline value of Kanmalar Pon Nagar/Church Street has changed

The guideline value for this street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,675 per sq.ft, which increased to Rs 2,750 per sq.ft in the 2024 revision, marking a change of +64%. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

In summary, the 2024 guideline value reflects a substantial increase from the 2017 figure. The current rate aligns with the median value of Rs 2,750 per sq.ft for other streets in Madipakkam-1 under the Velacheri SRO.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 2,750 per sq.ft, which is the same as the current guideline value for Kanmalar Pon Nagar/Church Street.

Stamp duty and registration fee for property in Kanmalar Pon Nagar/Church Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kanmalar Pon Nagar/Church Street?

The Kanmalar Pon Nagar/Church Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor during the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must ensure that the transaction is registered based on the guideline value, as this helps in maintaining transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Kanmalar Pon Nagar/Church Street?

The current guideline value of Kanmalar Pon Nagar/Church Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, representing a change of +64%. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Kanmalar Pon Nagar/Church Street?

Kanmalar Pon Nagar/Church Street is classified as Residential Class I Type - III under the guideline value register.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can also find your SRO using the provided link.

How is the stamp duty calculated for properties in Kanmalar Pon Nagar/Church Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.