Guideline Value for KAKITHAPURAM 1 TO 5 STREETS

Kakithapuram 1 To 5 Streets guideline value

The current guideline value for Kakithapuram 1 To 5 Streets is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in S. Kullathur village and falls under the Pallavaram SRO, classified as Commercial Class I Type - II.

How the guideline value of Kakithapuram 1 To 5 Streets has changed

The guideline value for Kakithapuram 1 To 5 Streets has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,680 per sq.ft. The 2023 revision increased the value to Rs 4,000 per sq.ft, and the current 2024 revision has raised it further to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value is Rs 2,750 per sq.ft, placing Kakithapuram 1 To 5 Streets above this median.

• Indirapuri 1 To 12 Streets: Rs 2,530 per sq.ft (2024)
• Kavimani Nagar: Rs 2,530 per sq.ft (2024)
• Kavimani Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Heera Avenue: Rs 4,400 per sq.ft (2024)
• Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Krishna Nagar 1st Main Road: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Kakithapuram 1 To 5 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kakithapuram 1 To 5 Streets?

The Kakithapuram 1 To 5 Streets are 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 S. Kullathur

The guideline value is a crucial factor in the registration process when buying or selling property in S. Kullathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction is recorded accurately. This helps maintain transparency in property dealings and ensures that the appropriate taxes are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value for Kakithapuram 1 To 5 Streets?

The current guideline value for Kakithapuram 1 To 5 Streets is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, marking a 10% increase. It was Rs 2,680 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012.

What is the land classification for Kakithapuram 1 To 5 Streets?

Kakithapuram 1 To 5 Streets is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the registration office for this area?

The registration office for Kakithapuram 1 To 5 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000.