Guideline Value for Kakkan Street (Krishnamoorthy Nagar)

Kakkan Street (Krishnamoorthy Nagar) guideline value

The current guideline value of Kakkan Street (Krishnamoorthy Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Kakkan Street (Krishnamoorthy Nagar) has changed

In the 2012 revision, the guideline value for Kakkan Street (Krishnamoorthy Nagar) was set at Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register does not contain figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Kakkan Street (Krishnamoorthy Nagar).

• Kailasam Street: Rs 2,200 per sq.ft (2024)
• Kalaimagal Salai (Kurinji Nagar): Rs 2,700 per sq.ft (2024)
• Kalaimagal Street: Rs 2,700 per sq.ft (2024)
• Kadumbadi Amman Main Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Kalaimagal Street (Teacher's colony): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkan Street (Krishnamoorthy Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total charges Rs 2,43,000. Please note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkan Street (Krishnamoorthy Nagar)?

The Sub Registrar Office that covers Kakkan Street (Krishnamoorthy Nagar) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Kodungaiyur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kakkan Street (Krishnamoorthy Nagar)?

The current guideline value of Kakkan Street (Krishnamoorthy Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kakkan Street (Krishnamoorthy Nagar) was Rs 2,500 per sq.ft in 2012 and 2023. In 2024, it increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

What is the land classification for Kakkan Street (Krishnamoorthy Nagar)?

Kakkan Street (Krishnamoorthy Nagar) falls under the Residential Class I Type - I land classification.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for property in Kakkan Street (Krishnamoorthy Nagar)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,89,000.