Guideline Value for KAKKANJI COLONY

Kakkanji Colony guideline value

The current guideline value of Kakkanji Colony, located in Perambur village under the Purasaivakkam SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - II.

How the guideline value of Kakkanji Colony has changed

Over the years, the guideline value of Kakkanji Colony has seen significant changes. The 2007 revision recorded a guideline value of Rs 650 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a substantial rise of 285%. However, this value decreased by 33% to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, which then increased by 8% to the current rate of Rs 2,700 per sq.ft effective from July 2024.

The overall change from 2007 to 2024 reflects an increase of 315%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Kakkanji Colony.

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

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 fees together Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkanji Colony?

The Sub Registrar Office that covers Kakkanji Colony is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Perambur. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the value of the property is accurately reflected in the official records.

Frequently asked questions

What is the current guideline value of Kakkanji Colony?

The current guideline value of Kakkanji Colony 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 changed significantly from Rs 650 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 315% over the years.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registrations in Kakkanji Colony?

The Purasaivakkam Sub Registrar Office handles property registrations in Kakkanji Colony, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Kakkanji Colony?

Kakkanji Colony is classified as Residential Class III Type - II, which influences its guideline value and property transactions.