Guideline Value for KAKKANJI COLONY 2ND STREET

Kakkanji Colony 2nd Street guideline value

The current guideline value of Kakkanji Colony 2nd Street is Rs 2,700 per sq.ft. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Kakkanji Colony 2nd Street has changed

The guideline value for Kakkanji Colony 2nd Street has seen a revision in 2024, where it increased to Rs 2,700 per sq.ft from Rs 2,500 per sq.ft in the 2023 revision. The 2023 figure remained unchanged from the 2012 revision, which was also Rs 2,500 per sq.ft. For the years 2017, 2007, 2003, and 2002, the register has no figure for this street.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The increase from 2023 to 2024 is noted as 8% as well, indicating a significant adjustment in the most recent revision.

Guideline values in Perambur

In Perambur, the guideline values for 2024 range from Rs 1,600 to Rs 7,100 per sq.ft across 1,114 streets under the Purasaivakkam SRO. The median guideline value is Rs 2,700 per sq.ft, which is equal to the guideline value of Kakkanji Colony 2nd Street.

• Kakkanji Colony 1st Street: Rs 2,700 per sq.ft (2024)
• Kakkanji Colony 3rd Street: Rs 2,700 per sq.ft (2024)
• Kakkanji Colony: Rs 2,700 per sq.ft (2024)
• Kakkanji Colony 4th Street: Rs 2,700 per sq.ft (2024)
• Kakkanji Colony 5th Street: Rs 2,700 per sq.ft (2024)
• Kakkanji Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Colony 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to 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, making the total cost Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkanji Colony 2nd Street?

The Sub Registrar Office that covers Kakkanji Colony 2nd Street 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 transactions in Perambur. It serves as a basis for calculating the stamp duty and registration fees, ensuring that all property transactions are conducted in compliance with the local regulations.

When buying or selling property, the guideline value helps to establish a fair assessment of the property's worth, which is necessary for legal documentation and financial transactions. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kakkanji Colony 2nd Street?

The current guideline value of Kakkanji Colony 2nd Street 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 increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. From 2012 to 2024, the overall increase is also 8%.

What is the land classification for Kakkanji Colony 2nd Street?

Kakkanji Colony 2nd Street is classified as Residential Class III Type - II under the local land classification system.

Where can I find the registration office for Kakkanji Colony 2nd Street?

The registration office for Kakkanji Colony 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Kakkanji Colony 2nd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,89,000.