Guideline Value for K.K.Sha 1st Street

K.K.Sha 1st Street guideline value

The current guideline value of K.K.Sha 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class II Type - II.

How the guideline value of K.K.Sha 1st Street has changed

The guideline value for K.K.Sha 1st Street has undergone several revisions since 2017. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 saw the value increase by 10% to Rs 1,320 per sq.ft.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. K.K.Sha 1st Street's 2024 figure is below this median.

• K.K.Sha 2nd Street: Rs 1,320 per sq.ft (2024)
• K.K.Sha 3rd Street: Rs 1,320 per sq.ft (2024)
• K.K.Sha Street (Indra Nagar): Rs 1,760 per sq.ft (2024)
• Koil Street: Rs 1,760 per sq.ft (2024)
• Kenndy Nagar: Rs 2,350 per sq.ft (2024)
• Kennadi Nagar Ist Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in K.K.Sha 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Sha 1st Street?

K.K.Sha 1st Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on the official valuation set by the authorities.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of K.K.Sha 1st Street?

The current guideline value of K.K.Sha 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for K.K.Sha 1st Street?

K.K.Sha 1st Street is classified as Residential Class II Type - II. This classification affects the guideline value and potential uses for the property.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total costs can be significant.