Guideline Value for Kakidhe Millath Stree/Co-Operative Colony

Kakidhe Millath Stree/Co-Operative Colony guideline value

The current guideline value of Kakidhe Millath Stree/Co-Operative Colony is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kakidhe Millath Stree/Co-Operative Colony has changed

The guideline value for Kakidhe Millath Stree/Co-Operative Colony has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The latest revision in 2024 shows a further increase to Rs 1,320 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, there has been a significant increase of 64% in the guideline value.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a notable change in the guideline value during that period.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is the same as the guideline value for Kakidhe Millath Stree/Co-Operative Colony.

• Kakidhe Millath Street: Rs 1,100 per sq.ft (2024)
• Kakkanji Street: Rs 1,100 per sq.ft (2024)
• Kalaignar 2nd Street: Rs 1,650 per sq.ft (2024)
• Kalaignar 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Kalaignar Street (1): Rs 1,650 per sq.ft (2024)
• Kalaignar Street (13): Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kakidhe Millath Stree/Co-Operative Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800 for the fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakidhe Millath Stree/Co-Operative Colony?

The Kakidhe Millath Stree/Co-Operative Colony is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Pozhichalur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction process.

When buying or selling property, it is crucial to be aware of the current guideline value, as it can significantly affect the overall costs involved in the transaction. Ensuring that the property is registered at or above this value is a legal requirement in Tamil Nadu.

Frequently asked questions

What is the current guideline value for Kakidhe Millath Stree/Co-Operative Colony?

The current guideline value for Kakidhe Millath Stree/Co-Operative Colony is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty for property in Kakidhe Millath Stree/Co-Operative Colony?

The stamp duty for property in Kakidhe Millath Stree/Co-Operative Colony is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Pozhichalur?

The Pammal Sub Registrar Office handles property registrations in Pozhichalur, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the other streets in Pozhichalur with guideline values?

Other streets in Pozhichalur include Kakidhe Millath Street and Kakkanji Street, both valued at Rs 1,100 per sq.ft in 2024, while several streets such as Kalaignar 2nd Street are valued at Rs 1,650 per sq.ft.