Guideline Value for KAKKANJI STREET EXTN

Kakkanji Street Extn guideline value

The current guideline value of Kakkanji Street Extn is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Kakkanji Street Extn has changed

The guideline value for Kakkanji Street Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and then further rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the changes from the 2017 revision to the 2023 revision reflected a 49% increase, while the 2012 to 2017 revision saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, making the current value of Kakkanji Street Extn below that median.

• Kakkanji Street: Rs 1,320 per sq.ft (2024)
• Kakkanji Cross Street: Rs 1,320 per sq.ft (2024)
• Kabilar Street Vgp Shanthi Nagar: Rs 2,750 per sq.ft (2024)
• Kalaivanar Street: Rs 1,650 per sq.ft (2024)
• Kalasekar Nagar: Rs 1,110 per sq.ft (2024)
• Kalidasar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Street Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kakkanji Street Extn?

The Kakkanji Street Extn falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the property registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area. The registration office uses this value to ensure that the transaction is recorded accurately and that the appropriate fees are collected.

When a buyer or seller engages in a property transaction, the guideline value helps establish a fair basis for the sale price. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kakkanji Street Extn?

The current guideline value of Kakkanji Street Extn is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Kakkanji Street Extn?

The land classification for Kakkanji Street Extn is Residential Class IV Type - II.

What are the stamp duty and registration fees for a property in Kakkanji Street Extn?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,800.

Which Sub Registrar Office covers Kakkanji Street Extn?

The Kakkanji Street Extn falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.