Guideline Value for Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street

Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street guideline value

The current guideline value for Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Chinnasekkadu village and falls under the Thiruvottiyur SRO. The land classification is Residential Class II Type - I.

How the guideline value of Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street has changed

The guideline value for Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 66 per sq.ft. This increased to Rs 77 per sq.ft in 2003, marking a change of +17%. The value then rose to Rs 200 per sq.ft in 2007, reflecting a significant increase of +160%. The 2012 revision set the value at Rs 600 per sq.ft, which was a +200% rise from the previous figure. However, it decreased to Rs 402 per sq.ft in 2017, showing a decline of -33%.

From 2017 to 2023, the guideline value increased to Rs 1,000 per sq.ft, representing a substantial rise of +149%. The most recent revision in 2024 has set the value at Rs 1,001 per sq.ft, which indicates no change from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +1417%.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street below that median.

• Kalaignar Karunanithi Street: Rs 1,300 per sq.ft (2024)
• Kamalammal Nagar: Rs 1,001 per sq.ft (2024)
• Kamaraj Saiai: Rs 2,200 per sq.ft (2024)
• Jagannathan Street/ Achari Street: Rs 1,300 per sq.ft (2024)
• Kannan Nagar/Street: Rs 1,300 per sq.ft (2024)
• Jagadeesh Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total cost together to Rs 90,090. 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 calculations.

Which Sub Registrar Office covers Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street?

The Sub Registrar Office that covers Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is crucial during the registration of property transactions in Chinnasekkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. Buyers and sellers must consider this value when finalizing their sale price to ensure compliance with registration requirements.

When a property is sold, the guideline value helps in assessing the legal and financial obligations associated with the transaction. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street?

The current guideline value for Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 66 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, marking an overall increase of +1417% over the years.

What is the land classification for this street?

The land classification for Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street is Residential Class II Type - I.

Which office handles registrations for properties in this area?

The Thiruvottiyur Sub Registrar Office handles registrations for properties in Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street.

How is the stamp duty calculated for properties in this street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000.