Guideline Value

Corporate

Guideline Value for Kanmalar Pon Nagar

₹2750/sq.ft.

The guideline value for Kanmalar Pon Nagar 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

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Kanmalar Pon Nagar guideline value

The current guideline value of Kanmalar Pon Nagar, located in Madipakkam-1 village under the Velacheri SRO, is Rs 2,750 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Kanmalar Pon Nagar has changed

The guideline value for Kanmalar Pon Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which was a significant change from the previous figures. The latest revision in 2024 has increased this value to Rs 2,750 per sq.ft, reflecting a 64% increase from the 2017 figure.

It is important to note that the register does not provide figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available figures are from the 2017 and 2024 revisions.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which matches the current guideline value for Kanmalar Pon Nagar.

Stamp duty and registration fee for property in Kanmalar Pon Nagar

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 charges to Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanmalar Pon Nagar?

The Sub Registrar Office that covers Kanmalar Pon Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property in Madipakkam-1, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs can significantly impact the overall expenses involved in a property transaction.

Frequently asked questions

What is the current guideline value of Kanmalar Pon Nagar?

The current guideline value of Kanmalar Pon Nagar is Rs 2,750 per sq.ft as per the 2024 revision 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, marking a 64% increase. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Kanmalar Pon Nagar?

Kanmalar Pon Nagar falls under the Residential Class I Type - III land classification. This classification is important for understanding the zoning and usage of the land.

What are the stamp duty and registration fees for property in Kanmalar Pon Nagar?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles the registration of properties in the Kanmalar Pon Nagar area.