Guideline Value for Haridasspuram Main Road Kakkan Street

Haridasspuram Main Road Kakkan Street guideline value

The current guideline value of Haridasspuram Main Road Kakkan Street is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Haridasspuram Main Road Kakkan Street has changed

The guideline value for Haridasspuram Main Road Kakkan Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 525 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in 2012. However, it then decreased to Rs 1,809 per sq.ft in 2017, representing a decline of 33%. In the 2023 revision, the value rose to Rs 2,700 per sq.ft, and the most recent 2024 revision has set it at Rs 2,970 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 466%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,970 per sq.ft, which is equal to the current value of Haridasspuram Main Road Kakkan Street.

• Harijan Colony 1st Street: Rs 1,650 per sq.ft (2024)
• Harijan Colony 2nd Street: Rs 1,650 per sq.ft (2024)
• Hanumar Koil Street: Rs 2,970 per sq.ft (2024)
• Hasthinapuram Main Road: Rs 4,400 per sq.ft (2024)
• Illango Street: Rs 1,650 per sq.ft (2024)
• Indira Cotton Mills Quarters: Rs 2,380 per sq.ft (2024)

Stamp duty and registration fee for property in Haridasspuram Main Road Kakkan Street

For a 1,000 sq.ft plot at the current rate of Rs 2,970 per sq.ft, the guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, totaling Rs 2,67,300. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Haridasspuram Main Road Kakkan Street?

The Haridasspuram Main Road Kakkan Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Hastinapuram. It serves as a benchmark for determining the minimum sale price of a property, ensuring that the transaction is recorded at a value that reflects the prevailing market conditions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Haridasspuram Main Road Kakkan Street?

The current guideline value of Haridasspuram Main Road Kakkan Street is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 525 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, marking an overall increase of 466% over the years.

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

For a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which office handles property registrations for Haridasspuram Main Road Kakkan Street?

The Pallavaram Sub Registrar Office handles property registrations for Haridasspuram Main Road Kakkan Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the land classification for Haridasspuram Main Road Kakkan Street?

The land classification for Haridasspuram Main Road Kakkan Street is Residential Class I Type - I.