Guideline Value for KAKKANJI STREET

Kakkanji Street guideline value

The current guideline value of Kakkanji Street in Thiruvancheri village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Kakkanji Street has changed

The guideline value for Kakkanji Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft. The value increased to Rs 1,000 per sq.ft in the 2023 revision, and the latest revision in 2024 has raised it to Rs 1,100 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Thiruvancheri

In Thiruvancheri, there are a total of 70 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 1,980 per sq.ft, placing Kakkanji Street's current value below that median.

• Kalainger Street: Rs 2,530 per sq.ft (2024)
• J P Green Garden: Rs 2,530 per sq.ft (2024)
• Jothi Nagar: Rs 2,530 per sq.ft (2024)
• Kamaraj Street: Rs 1,980 per sq.ft (2024)
• Jayalalitha Street: Rs 1,100 per sq.ft (2024)
• Jalan Kennady Street: Rs 1,980 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, the total cost for these fees would be Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, 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 Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvancheri. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring that transactions are recorded at a standardized value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher value between the guideline value and the actual sale price, which ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kakkanji Street?

The current guideline value of Kakkanji Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Kakkanji Street?

Kakkanji Street is classified as Residential Class III Type - I.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Kakkanji Street located?

The Sub Registrar Office for Kakkanji Street is the Pallavaram SRO, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.