Guideline Value for Kakidhe Millath Street

Kakidhe Millath Street guideline value

The current guideline value of Kakidhe Millath Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Kakidhe Millath Street has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The current rate of Rs 1,100 per sq.ft is below the median value of Rs 1,320 per sq.ft for the 299 streets in Pozhichalur under the Pammal SRO.

Guideline values in Pozhichalur

In Pozhichalur, the guideline values range from Rs 1,100 to Rs 4,500 per sq.ft, with a median of Rs 1,320 per sq.ft. Kakidhe Millath Street's 2024 figure is below this median.

• Kakidhe Millath Stree/Co-Operative Colony: Rs 1,320 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 Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 details.

Which Sub Registrar Office covers Kakidhe Millath Street?

The Kakidhe Millath Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pozhichalur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kakidhe Millath Street?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64%.

What is the median guideline value in Pozhichalur?

The median guideline value for the 299 streets in Pozhichalur is Rs 1,320 per sq.ft, while Kakidhe Millath Street's value is below this median.

What are the stamp duty and registration fees for properties in Kakidhe Millath 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.

Which office handles the registration for Kakidhe Millath Street?

The registration for Kakidhe Millath Street is handled by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.