Guideline Value for KAKKAN STREET
₹3300/sq.ft.
The guideline value for Kakkan Street in Thiruvottiyur village (Thiruvottiyur SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Thiruvottiyur
Village
Thiruvottiyur
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹3300 /sq.ft. |
| From 1-4-2023 | ₹3000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹2010 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹3000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹600 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | ₹258 /sq.ft. |
| From 1-4-2002 To 31-3-2003 | ₹219 /sq.ft. |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]
DRO (District Registrar Office)
Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]
DIG (Deputy Inspector General)
Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kakkan Street
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Thiruvottiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Kakkan Street guideline value
The current guideline value of Kakkan Street in Thiruvottiyur village, under the Thiruvottiyur SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.
How the guideline value of Kakkan Street has changed
The guideline value for Kakkan Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 219 per sq.ft. This increased to Rs 258 per sq.ft in 2003, marking an 18% rise. The value then jumped significantly to Rs 600 per sq.ft in 2007, a 133% increase. The next revision in 2012 saw a decrease to Rs 3,000 per sq.ft, a drop of 400%. However, in 2017, the value rose again to Rs 2,010 per sq.ft, reflecting a 49% increase. The 2023 revision set the value at Rs 3,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 3,300 per sq.ft, a 10% rise.
Overall, from 2002 to 2024, the guideline value has increased by 1,407%. There are no figures available for revisions other than those mentioned above for Kakkan Street.
Guideline values in Thiruvottiyur
- Kailash Sector: Rs 3,300 per sq.ft (2024)
- Kalaivanar Nagar: Rs 1,500 per sq.ft (2024)
- Jothi Nagars/Streets/Cross Streets: Rs 1,900 per sq.ft (2024)
- Kalyani Chetty Nagar: Rs 3,300 per sq.ft (2024)
- Kamadevan Nagar: Rs 3,300 per sq.ft (2024)
- Kamala Nagar: Rs 3,300 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, these fees total Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.
For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Kakkan Street?
The Sub Registrar Office covering Kakkan Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.
How the guideline value is used when you buy or sell in Thiruvottiyur
The guideline value is an essential factor in the registration process of property transactions in Thiruvottiyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are proportionate to the property's value.
When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions within the region.
Frequently asked questions
What is the current guideline value of Kakkan Street?
The current guideline value of Kakkan Street is Rs 3,300 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 219 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1,407% over this period.
What are the stamp duty rates for properties in Kakkan Street?
The stamp duty for properties in Kakkan Street is 7% of the guideline value or sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.
Where is the Sub Registrar Office for Kakkan Street located?
The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.
What is the land classification for Kakkan Street?
Kakkan Street is classified as Residential Special Type - I, indicating its designated use for residential purposes within the area.
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