Guideline Value for KAKKANJI COLONY

Kakkanji Colony guideline value

The current guideline value of Kakkanji Colony, located in Minjur village under the Ponneri SRO, is Rs 550 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kakkanji Colony has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure increased to Rs 500 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Kakkanji Colony.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Kakkanji Colony matches this median.

• Kalaignar Nagar: Rs 550 per sq.ft (2024)
• Kalancheri Salai: Rs 880 per sq.ft (2024)
• Kalyanasundharam Street: Rs 550 per sq.ft (2024)
• Kamadhenu Nagar: Rs 550 per sq.ft (2024)
• Kamala Nagar: Rs 1,320 per sq.ft (2024)
• Jeevanandam Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000. Together, the total cost would be Rs 49,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkanji Colony?

The Kakkanji Colony is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Minjur. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are levied. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Kakkanji Colony?

The current guideline value of Kakkanji Colony is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Kakkanji Colony?

The stamp duty for property in Kakkanji Colony is 7%, while the registration fee is 2%. For a property valued at Rs 5,50,000, the total stamp duty and registration fees would amount to Rs 49,500.

Which Sub Registrar Office covers Kakkanji Colony?

The Ponneri Sub Registrar Office covers Kakkanji Colony, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Kakkanji Colony?

The land classification for Kakkanji Colony is Residential Class II Type - I, indicating its designation for residential purposes.