Guideline Value for KAKKAN STREET MGR NAGAR (WARD-20)

Kakkan Street Mgr Nagar (Ward-20) guideline value

The current guideline value of Kakkan Street Mgr Nagar (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Potheri village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Kakkan Street Mgr Nagar (Ward-20) has changed

Over the years, the guideline value for Kakkan Street Mgr Nagar has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 536 per sq.ft. The value remained at Rs 800 per sq.ft until the 2023 revision, which increased it to Rs 800 per sq.ft. The latest revision in 2024 saw a further increase to Rs 880 per sq.ft, marking a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Kakkan Street Mgr Nagar above this median.

• Kalaignar Karunanithi Street (Ward-20): Rs 1,100 per sq.ft (2024)
• Kalaimagal Street (Ward-21): Rs 660 per sq.ft (2024)
• Kalaivani Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)
• Kaathavarayan Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Kamarajar Street (Ward-21): Rs 660 per sq.ft (2024)
• Kamatchi Nagar (Val): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkan Street Mgr Nagar (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. 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 Kakkan Street Mgr Nagar (Ward-20)?

The Kakkan Street Mgr Nagar (Ward-20) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Potheri. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the government receives the correct revenue from property transactions. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kakkan Street Mgr Nagar?

The current guideline value of Kakkan Street Mgr Nagar (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 880 per sq.ft in 2024, reflecting a 10% increase overall from 2012 to 2024.

What was the guideline value in 2023?

The guideline value in 2023 was Rs 800 per sq.ft, which was an increase from Rs 536 per sq.ft in 2017.

Which Sub Registrar Office covers this area?

The Chengleput Joint II Sub Registrar Office covers Kakkan Street Mgr Nagar (Ward-20), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.