Guideline Value for Kakkajji Street

Kakkajji Street guideline value

The current guideline value of Kakkajji Street in Ayakolathur village, under the Sriperumpudur SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Kakkajji Street has changed

The guideline value for Kakkajji Street has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft. In the following 2017 revision, the value decreased to Rs 100 per sq.ft, marking a 33% drop. However, from 2017 to 2023, the value increased by 50% back to Rs 150 per sq.ft. The 2024 revision maintained this figure at Rs 150 per sq.ft, reflecting no change from the previous year.

There are no figures available for Kakkajji Street in the revisions from 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged.

Guideline values in Ayakolathur

In Ayakolathur, there are 15 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Kakkajji Street's 2024 figure below this median.

• Jayalakshmi Nagar: Rs 300 per sq.ft (2024)
• Main Road: Rs 700 per sq.ft (2024)
• M.G.R Street: Rs 200 per sq.ft (2024)
• Chand Nagar: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkajji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, making the total charges Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kakkajji Street?

The Kakkajji Street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayakolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the government receives the appropriate revenue from the transaction. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kakkajji Street?

The current guideline value of Kakkajji Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 150 per sq.ft in 2024 and 2023, Rs 100 per sq.ft in 2017, and Rs 150 per sq.ft in 2012.

What is the land classification for Kakkajji Street?

Kakkajji Street is classified as Residential Class III Type - I, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Kakkajji Street?

The Sub Registrar Office covering Kakkajji Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total charge of Rs 13,500.