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 Vallancheri village 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

The guideline value has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly to Rs 800 per sq.ft, an increase of 49%. The most recent revision in 2024 has further increased the value to Rs 880 per sq.ft, reflecting a 10% growth from the previous year.

It is important to note that the register has no figures for Kakkan Street Mgr Nagar in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Kakkan Street Mgr Nagar's 2024 figure 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 amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, leading to a total of Rs 79,200. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vallancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the transaction must be registered at the designated Sub Registrar Office, where the guideline value will be used to calculate the necessary fees. This ensures that all transactions are recorded at fair values as per the established guidelines.

Frequently asked questions

What is the current guideline value of Kakkan Street Mgr Nagar (Ward-20)?

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 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Kakkan Street Mgr Nagar?

Kakkan Street Mgr Nagar is classified as Residential Class I Type - II under the Chengleput Joint II SRO.

Where can I find the Sub Registrar Office for Kakkan Street Mgr Nagar?

The Sub Registrar Office covering Kakkan Street Mgr Nagar is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kakkan Street Mgr Nagar?

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