Guideline Value for Kakkan 2nd Cross Street, H.L. Colony

Kakkan 2nd Cross Street, H.L. Colony guideline value

The current guideline value of Kakkan 2nd Cross Street, H.L. Colony is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Kakkan 2nd Cross Street, H.L. Colony has changed

The guideline value for Kakkan 2nd Cross Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,541 per sq.ft. This increased to Rs 2,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,530 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value for Kakkan 2nd Cross Street is above this median, indicating a competitive rate in the area.

• Kakkan Cross Street /Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Kakkan Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Kaladharan Street / Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Kadar Basha Street: Rs 1,760 per sq.ft (2024)
• Kalaingar Salai /Anna Nagar: Rs 2,750 per sq.ft (2024)
• Kalaingar Salai/ Cross Street / Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkan 2nd Cross Street, H.L. Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total cost for these fees to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkan 2nd Cross Street, H.L. Colony?

The Kakkan 2nd Cross Street, H.L. Colony is covered by the Pammal Sub Registrar Office located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Pammal. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid to the government.

When a property is sold, the guideline value is used to determine the minimum value for which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Kakkan 2nd Cross Street, H.L. Colony?

The current guideline value of Kakkan 2nd Cross Street, H.L. Colony is Rs 2,530 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,541 per sq.ft in 2017 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 64% over these years.

What are the other guideline values in Pammal?

In Pammal, the guideline values range from Rs 880 to Rs 3,300 per sq.ft, with a median of Rs 2,090 per sq.ft. Kakkan 2nd Cross Street's value is above this median.

What are the fees associated with buying property on this street?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 2,27,700.

Which office handles the registration for Kakkan 2nd Cross Street?

The Pammal Sub Registrar Office handles registrations for Kakkan 2nd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.