Guideline Value for KAKKANJI STREET

Kakkanji Street guideline value

The current guideline value of Kakkanji Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Manali village and falls under the Thiruvottiyur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Kakkanji Street has changed

The guideline value of Kakkanji Street has undergone several revisions over the years. In 2002, the value was Rs 92 per sq.ft, which increased to Rs 105 per sq.ft in 2003. The following revision in 2007 saw a significant jump to Rs 200 per sq.ft, and by 2012, it had risen to Rs 1,100 per sq.ft. However, there was a decrease in 2017 to Rs 737 per sq.ft, before climbing back to Rs 1,100 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 1,200 per sq.ft, representing a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1204%. The register has no figures for the years not mentioned in the revisions above.

Guideline values in Manali

In Manali, there are 84 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft, with the median being Rs 1,200 per sq.ft. Kakkanji Street's 2024 figure aligns with this median.

• Kalaignar Street: Rs 1,200 per sq.ft (2024)
• Kamarajar Salai: Rs 2,200 per sq.ft (2024)
• Jeevanandam Street: Rs 1,200 per sq.ft (2024)
• Jalaganda Mariamman Koil Street: Rs 1,200 per sq.ft (2024)
• Jaageer Hussain Street: Rs 1,200 per sq.ft (2024)
• Indira Gandhi Street: Rs 1,200 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 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees together to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can 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 Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is an important factor during the registration process of property transactions in Manali. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in accordance with government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the overall cost of the transaction. Buyers should be aware of the current guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Kakkanji Street?

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

How has the guideline value changed over the years?

The guideline value has seen various revisions, starting from Rs 92 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, marking an overall increase of 1204% over this period.

What is the land classification for Kakkanji Street?

Kakkanji Street is classified as Residential Special Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Kakkanji Street?

The Thiruvottiyur Sub Registrar Office covers Kakkanji Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,200 per sq.ft, the total guideline value is Rs 12,00,000, leading to specific fees based on this amount.