Guideline Value for KAKKANJI STREET

Kakkanji Street guideline value

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

How the guideline value of Kakkanji Street has changed

The guideline value for Kakkanji Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 650 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, and remained unchanged until the 2023 revision, which also recorded Rs 2,500 per sq.ft. The latest revision in 2024 saw a rise to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

From 2007 to 2012, there was a substantial increase of 285%, and from 2007 to 2024, the overall increase is 315%. The register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with the 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is exactly the guideline value for Kakkanji Street in 2024.

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

Stamp duty and registration fee for property in Kakkanji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value is 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, totaling 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.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kakkanji Street?

The Sub Registrar Office that covers Kakkanji Street is 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 property transactions in Perambur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to accurately assess the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Kakkanji Street?

The current guideline value of Kakkanji Street 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 from Rs 650 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 315%.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is charged at 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 2,43,000.

Which Sub Registrar Office covers Kakkanji Street?

Kakkanji Street is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Kakkanji Street?

Kakkanji Street is classified as Residential Class III Type - II under the current regulations.