Guideline Value for KAKKAN NAGAR A BLOCK

Kakkan Nagar A Block guideline value

The current guideline value of Kakkan Nagar A Block is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Kakkan Nagar A Block has changed

The guideline value for Kakkan Nagar A Block has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 353 per sq.ft. It increased to Rs 387 per sq.ft in 2003, followed by a significant rise to Rs 650 per sq.ft in 2007. The 2012 revision saw the value at Rs 2,500 per sq.ft, which then dropped to Rs 1,675 per sq.ft in 2017. The value was Rs 2,500 per sq.ft again in the 2023 revision, and it has now risen to Rs 2,700 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2002 to 2003, the guideline value increased by 10%. The rise from 2003 to 2007 was 68%, while the jump from 2007 to 2012 was a remarkable 285%. However, the value decreased by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 shows an increase of 8%. Overall, from 2002 to 2024, the guideline value has increased by 665%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which matches the current value of Kakkan Nagar A Block.

• Kakkanji Street: Rs 2,700 per sq.ft (2024)
• Kakkanji Nagar Mettu Area: Rs 2,700 per sq.ft (2024)
• Kakkanji Nagar: Rs 2,700 per sq.ft (2024)
• Kakkanji Colony 5th Street: Rs 2,700 per sq.ft (2024)
• Kakkanji Colony 4th Street: Rs 2,700 per sq.ft (2024)
• Kakkanji Colony 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkan Nagar A Block

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. 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 Kakkan Nagar A Block?

The Sub Registrar Office that covers Kakkan Nagar A Block is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Perambur. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Kakkan Nagar A Block?

The current guideline value of Kakkan Nagar A Block is Rs 2,700 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 353 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting various revisions over the years.

What is the land classification for Kakkan Nagar A Block?

Kakkan Nagar A Block is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Kakkan Nagar A Block?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur total fees of Rs 2,43,000.