Guideline Value

Corporate

Guideline Value for Kakkan Nagar Main Road

₹3850/sq.ft.

The guideline value for Kakkan Nagar Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹188 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹167 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kakkan Nagar Main Road

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Kakkan Nagar Main Road guideline value

The current guideline value of Kakkan Nagar Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Kakkan Nagar Main Road has changed

The guideline value for Kakkan Nagar Main Road has undergone several revisions over the years. In 2002, the value was Rs 167 per sq.ft, which increased to Rs 188 per sq.ft in 2003, marking a change of +13%. The value saw a significant jump to Rs 1,500 per sq.ft in 2007, reflecting an increase of +698%. In 2012, the value remained at Rs 3,500 per sq.ft, and this figure did not change until 2023, when it was again Rs 3,500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, representing a +10% increase from the previous year.

There is no figure available for the 2017 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by +2205%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, placing Kakkan Nagar Main Road's 2024 value below this median.

Stamp duty and registration fee for property in Kakkan Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkan Nagar Main Road?

The Sub Registrar Office that covers Kakkan Nagar Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for additional information.

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

The guideline value is a crucial factor during property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value impacts the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kakkan Nagar Main Road?

The current guideline value of Kakkan Nagar Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 167 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of +2205% over the years.

What is the registration office for Kakkan Nagar Main Road?

The registration office for Kakkan Nagar Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the stamp duty and registration fees for property in Kakkan Nagar Main Road?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value of a property, which affects the stamp duty and registration fees. The duty is charged based on the higher of the guideline value or the sale price.