Guideline Value for KAKKAN STREET

Kakkan Street guideline value

The current guideline value of Kakkan Street in Podaturpet village is Rs 126 per sq.ft, effective from 1 July 2024. This street falls under the Pallipattu SRO and is classified as Residential Class IV Type - I.

How the guideline value of Kakkan Street has changed

The guideline value for Kakkan Street has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 84 per sq.ft. This figure increased by 50% to Rs 126 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision, reflecting a 0% change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. This consistent increase highlights the adjustments made in the valuation over the years.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 250 per sq.ft. Kakkan Street's 2024 figure of Rs 126 per sq.ft is below this median.

• Kancheepuram 1 St Street: Rs 300 per sq.ft (2024)
• Kancheepuram 2 Nd Street: Rs 300 per sq.ft (2024)
• Kancheepuram 3rd Street: Rs 300 per sq.ft (2024)
• Kanchi Puram Street: Rs 300 per sq.ft (2024)
• Harisanacolonysecond Street: Rs 202 per sq.ft (2024)
• Harisana Colony First Street: Rs 202 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, making the total cost for these fees Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kakkan Street?

Kakkan Street is covered by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Podaturpet. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are calculated based on the property's value. This process is essential for maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Kakkan Street?

The current guideline value of Kakkan Street is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kakkan Street has increased from Rs 84 per sq.ft in 2017 to Rs 126 per sq.ft in both 2023 and 2024, reflecting a 50% increase overall from 2017 to 2024.

What is the land classification of Kakkan Street?

Kakkan Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property in Kakkan Street?

For a 1,000 sq.ft plot at the guideline value of Rs 126 per sq.ft, the total guideline value is Rs 1,26,000. The stamp duty would be Rs 8,820, and the registration fee would be Rs 2,520, totaling Rs 11,340.

Which Sub Registrar Office covers Kakkan Street?

The Pallipattu Sub Registrar Office covers Kakkan Street, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.