Guideline Value for KAKKANJI NAGAR

Kakkanji Nagar guideline value

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

How the guideline value of Kakkanji Nagar has changed

The guideline value for Kakkanji Nagar has seen several revisions over the years. The earliest recorded figure was Rs 353 per sq.ft in 2002, which increased to Rs 387 per sq.ft in 2003, marking a 10% rise. By 2007, the value jumped significantly to Rs 650 per sq.ft, reflecting a 68% increase. The 2012 revision maintained the value at Rs 2,500 per sq.ft, which remained unchanged until the 2023 revision, which also recorded Rs 2,500 per sq.ft.

The most recent revision in 2024 saw the guideline value rise to Rs 2,700 per sq.ft, an 8% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 665%.

Guideline values in Perambur

In Perambur, 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, with the median value being Rs 2,700 per sq.ft. Kakkanji Nagar's 2024 figure aligns with this median.

• Kakkanji Nagar Mettu Area: 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 Colony 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Nagar

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, leading to a combined cost of 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkanji Nagar?

Kakkanji Nagar is covered by 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 in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that all transactions are transparent and adhere to the legal framework established by the state.

Frequently asked questions

What is the current guideline value of Kakkanji Nagar?

The current guideline value of Kakkanji Nagar 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 353 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 665%.

What is the registration office for Kakkanji Nagar?

The Purasaivakkam Sub Registrar Office covers Kakkanji Nagar, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated in Kakkanji Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.

What are the other streets with the same guideline value in Perambur?

Other streets in Perambur with the same guideline value of Rs 2,700 per sq.ft include Kakkanji Nagar Mettu Area, Kakkanji Colony 1st to 5th Streets.