Guideline Value for Kakkan Road/Street

Kakkan Road/Street guideline value

The current guideline value of Kakkan Road/Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Kakkan Road/Street has changed

Over the years, the guideline value for Kakkan Road/Street has seen several revisions. The 2012 revision set the value at Rs 6,000 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 4,020 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

In 2023, the guideline value increased to Rs 6,000 per sq.ft, and then further rose by 10% to reach the current value of Rs 6,600 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

Guideline values in Tambaram

Tambaram village has a total of 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value in the village is Rs 3,300 per sq.ft, placing Kakkan Road/Street's 2024 figure above that median.

• Kailasapuram 4th st: Rs 2,200 per sq.ft (2024)
• Kailasapuram 3rd St: Rs 2,200 per sq.ft (2024)
• Kailasapuram 2nd St: Rs 2,200 per sq.ft (2024)
• Kailasapuram 1st Street: Rs 2,200 per sq.ft (2024)
• Kalaimagal Nagar: Rs 880 per sq.ft (2024)
• Kalyan Nagar 1st: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkan Road/Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kakkan Road/Street?

The Sub Registrar Office that covers Kakkan Road/Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26,mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Tambaram. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees, ensuring that these fees are calculated based on an official valuation.

Frequently asked questions

What is the current guideline value of Kakkan Road/Street?

The current guideline value of Kakkan Road/Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, representing a 10% increase. It was Rs 4,020 per sq.ft in 2017 and Rs 6,000 per sq.ft in 2012.

What is the land classification of Kakkan Road/Street?

Kakkan Road/Street is classified as Commercial Class I Type - II. This classification can affect the types of developments allowed on the property.

Where can I find the Sub Registrar Office for Kakkan Road/Street?

The Sub Registrar Office for Kakkan Road/Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26,mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Kakkan Road/Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,62,000.