Guideline Value for SRI KANCHI NAGAR EXTENTION II

Sri Kanchi Nagar Extention II guideline value

The current guideline value for Sri Kanchi Nagar Extention II in Chinnayankulam village is Rs 800 per sq.ft, effective from 1 July 2024. This property falls under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Kanchi Nagar Extention II has changed

In the 2024 revision, the guideline value was set at Rs 800 per sq.ft, which is the same as the 2023 revision. There have been no changes in the guideline value from 2023 to 2024, reflecting a 0% change. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

For the years available, the 2023 and 2024 revisions both show a consistent guideline value of Rs 800 per sq.ft. As such, there has been no fluctuation in the guideline value for Sri Kanchi Nagar Extention II over these two years.

Guideline values in Chinnayankulam

In Chinnayankulam, five streets under the Kanchipuram Joint IV SRO have a 2024 guideline value ranging from Rs 800 to Rs 1,800 per sq.ft, with a median value of Rs 850 per sq.ft. Sri Kanchi Nagar Extention II's 2024 figure is below this median.

• Sanmuga Avenue: Rs 850 per sq.ft (2024)
• A.S Nagar: Rs 800 per sq.ft (2024)
• ஆகாஷ் நகர்: Rs 1,800 per sq.ft (2024)
• ஸ்ரீ காளத்தி ஆண்டவர் அவென்யூ: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kanchi Nagar Extention II

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees together to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kanchi Nagar Extention II?

The Sri Kanchi Nagar Extention II falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Chinnayankulam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When you buy or sell property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and helps prevent undervaluation during property transactions.

Frequently asked questions

What is the current guideline value for Sri Kanchi Nagar Extention II?

The current guideline value for Sri Kanchi Nagar Extention II is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 800 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Kanchi Nagar Extention II?

Sri Kanchi Nagar Extention II is classified as Residential Class I Type - I.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot valued at Rs 8,00,000, the total fees would amount to Rs 72,000.

Which office handles registrations for properties in Sri Kanchi Nagar Extention II?

The Kanchipuram Joint IV Sub Registrar Office is responsible for property registrations in Sri Kanchi Nagar Extention II, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.