Guideline Value for KAKKANJI NAGAR METTU AREA

Kakkanji Nagar Mettu Area guideline value

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

How the guideline value of Kakkanji Nagar Mettu Area has changed

Over the years, the guideline value for Kakkanji Nagar Mettu Area has seen several revisions. Starting from Rs 353 per sq.ft in 2002, it increased to Rs 387 per sq.ft in 2003, marking a change of 10%. The value continued to rise significantly to Rs 650 per sq.ft in 2007, reflecting a 68% increase. By 2012, the guideline value was Rs 2,500 per sq.ft, which remained unchanged until 2023.

The 2023 revision maintained the value at Rs 2,500 per sq.ft, but a notable increase occurred in 2024, bringing the current guideline value to Rs 2,700 per sq.ft, a rise of 8%. Overall, from 2002 to 2024, the guideline value has increased by 665%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is the same as the Kakkanji Nagar Mettu Area's current figure.

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

Stamp duty and registration fee for property in Kakkanji Nagar Mettu Area

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kakkanji Nagar Mettu Area?

The Kakkanji Nagar Mettu Area is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

When buying or selling property in Perambur, the guideline value is used to determine the stamp duty and registration fees applicable during the registration process. It serves as a benchmark for the value of the property being transacted.

The guideline value helps ensure transparency and consistency in property transactions, as it is set by the government and reflects the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value for Kakkanji Nagar Mettu Area?

The current guideline value for Kakkanji Nagar Mettu Area 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, starting from Rs 353 per sq.ft in 2002 and reaching Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 665% over the years.

What is the registration office for Kakkanji Nagar Mettu Area?

The registration office for Kakkanji Nagar Mettu Area is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, a property valued at Rs 27,00,000 would incur a total fee of Rs 2,43,000.

Are there other streets with the same guideline value in Perambur?

Yes, several other streets in Perambur also have a guideline value of Rs 2,700 per sq.ft in 2024, including Kakkanji Colony 5th Street, Kakkanji Colony 4th Street, and others.