If the transformer is not loaded, the voltage not being 6.9 kV is not due to voltage drop across the impedance. Most likely it is because the voltage on the high side is not exactly 34.5 kV, the transformer is not on the neutral tap, or there are errors in the VTs or meters.
Voltage drop is load current times impedance, but you have to consider the vector relationship. With a resistive load, the IZ drop will be nearly at 90 deg to the voltage because the impedance is nearly all inductive. If it were all inductive, then if the load voltage was 1 pu at an angle of 0 deg and the load was 1 pu, then the IZ drop for Z=6% would be 0.06 pu at an angle of 90 deg. The source voltage would be sqrt(1^2 + 0.06^2) = 1.0018