Guideline Value for KAKKANJI STREET

Kakkanji Street guideline value

The current guideline value of Kakkanji Street in Jelandianpettai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Kakkanji Street has changed

The guideline value for Kakkanji Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, up from Rs 2,000 per sq.ft in 2023, marking a 10% increase. Prior to that, the 2017 revision recorded a value of Rs 1,340 per sq.ft, which represented a significant 49% increase from the previous 2012 figure of Rs 2,000 per sq.ft. The 2012 revision had seen a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for Kakkanji Street in the revisions for the years 2002, 2003, and 2007. Overall, the guideline value has increased by 10% from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Kakkanji Street.

• Kalaignar Street: Rs 1,870 per sq.ft (2024)
• Kalaivanar Salai: Rs 2,200 per sq.ft (2024)
• Kalaivanar Street: Rs 2,200 per sq.ft (2024)
• Jeyanthi Natarajan Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Street: Rs 2,200 per sq.ft (2024)
• Jayachandran Nagar 9th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkanji Street?

The Kakkanji Street falls under the jurisdiction of 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 more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Jelandianpettai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the taxes due, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kakkanji Street?

The current guideline value of Kakkanji Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. It was Rs 1,340 per sq.ft in 2017 and Rs 2,000 per sq.ft in 2012.

What is the classification of Kakkanji Street?

Kakkanji Street is classified as Residential Class II Type - I under the Chennai South Joint I SRO.

Where can I find the registration office for Kakkanji Street?

The registration office for Kakkanji Street is 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.

How is stamp duty calculated for properties in Kakkanji Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 1,98,000 in stamp duty and registration fees.