diff --git a/config/nrfconnect/chip-module/CMakeLists.txt b/config/nrfconnect/chip-module/CMakeLists.txt
index 43149d2306e3c1..d897f8335add17 100644
--- a/config/nrfconnect/chip-module/CMakeLists.txt
+++ b/config/nrfconnect/chip-module/CMakeLists.txt
@@ -122,7 +122,7 @@ matter_add_gn_arg_bool  ("chip_logging"                           CONFIG_LOG)
 matter_add_gn_arg_bool  ("chip_enable_openthread"                 CONFIG_NET_L2_OPENTHREAD)
 matter_add_gn_arg_bool  ("chip_openthread_ftd"                    CONFIG_OPENTHREAD_FTD)
 matter_add_gn_arg_bool  ("chip_config_network_layer_ble"          CONFIG_BT)
-matter_add_gn_arg_bool  ("chip_inet_config_enable_ipv4"           CONFIG_NET_IPV4)
+matter_add_gn_arg_bool  ("chip_inet_config_enable_ipv4"           CONFIG_CHIP_IPV4)
 matter_add_gn_arg_bool  ("chip_enable_nfc"                        CONFIG_CHIP_NFC_COMMISSIONING)
 matter_add_gn_arg_bool  ("chip_enable_ota_requestor"              CONFIG_CHIP_OTA_REQUESTOR)
 matter_add_gn_arg_bool  ("chip_persist_subscriptions"             CONFIG_CHIP_PERSISTENT_SUBSCRIPTIONS)
diff --git a/config/nrfconnect/chip-module/Kconfig b/config/nrfconnect/chip-module/Kconfig
index 059d5112652b3f..95e49ac59e0262 100644
--- a/config/nrfconnect/chip-module/Kconfig
+++ b/config/nrfconnect/chip-module/Kconfig
@@ -251,3 +251,12 @@ config CHIP_LOG_SIZE_OPTIMIZATION
 	  information that is too detailed to be used in most cases. You can find
 	  full configuration enabled by this option in the
 	  platform/nrfconnect/CHIPPlatformConfig.h file.
+
+config CHIP_IPV4
+	bool "IPv4 support for Matter"
+	default n
+	depends on NET_IPV4
+	help
+	  If disabled, it allows to build nRF Connect SDK application
+	  with IPv4 support independently of the Matter stack still
+	  running over IPv6.