Guideline Value for Kakanalloor Road Street

Kakanalloor Road Street guideline value

The current guideline value of Kakanalloor Road Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village under the Uthiramerur SRO, classified as Residential Class IV Type - II.

How the guideline value of Kakanalloor Road Street has changed

The guideline value for Kakanalloor Road Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2012 revision, marking a 200% rise. However, from 2012 to 2017, the value decreased by 33%, bringing it down to Rs 201 per sq.ft. The following revisions in 2023 and 2024 maintained the guideline value at Rs 300 per sq.ft, indicating no change between these two years.

There are no figures available for the revisions in 2002 and 2003 for Kakanalloor Road Street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Kakanalloor Road Street's 2024 figure is below this median.

• kakanalloor Palla Street: Rs 300 per sq.ft (2024)
• Kakanalloor Sakthi vinayagar Koil 1st Street: Rs 250 per sq.ft (2024)
• Kakanalloor Sakthi vinayagar Koil 2nd Street: Rs 250 per sq.ft (2024)
• Kakanalloor Sakthi vinayagar Koil 3rd Street: Rs 250 per sq.ft (2024)
• Kakanalloor Sakthi vinayagar Koil Nadu Street: Rs 250 per sq.ft (2024)
• Kakanalloor Sakthi Vinayagar Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kakanalloor Road Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kakanalloor Road Street?

Kakanalloor Road Street falls under the jurisdiction of the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Uthiramerur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Kakanalloor Road Street?

The current guideline value of Kakanalloor Road Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and has remained at Rs 300 per sq.ft in 2023 and 2024.

What are the guideline values of other streets in Uthiramerur?

Other streets in Uthiramerur have varying guideline values, with rates ranging from Rs 200 to Rs 1,800 per sq.ft. Kakanalloor Road Street's value is below the median of Rs 800 per sq.ft.

What are the stamp duty and registration fees for property in Kakanalloor Road Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,00,000. The stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Kakanalloor Road Street?

Kakanalloor Road Street is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.