Guideline Value for Kakkan Street

Kakkan Street guideline value

The current guideline value of Kakkan Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Nemili_B village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kakkan Street has changed

The guideline value for Kakkan Street has remained consistent at Rs 200 per sq.ft for both the 2023 and 2024 revisions. In contrast, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, indicating a significant increase of 49% from 2017 to 2023 and maintaining the same value in the subsequent revision.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Kakkan Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Nemili_B

In Nemili_B village, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, which means Kakkan Street's 2024 figure is below that median.

• Kamarajar Street: Rs 200 per sq.ft (2024)
• Johnsirani Street: Rs 150 per sq.ft (2024)
• Jeyanthirer Nagar: Rs 250 per sq.ft (2024)
• Jemi Park: Rs 200 per sq.ft (2024)
• Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Kannammal Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kakkan Street?

The Sub Registrar Office that covers Kakkan Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the property registration process in Nemili_B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to ensure compliance with legal and financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Kakkan Street?

The current guideline value of Kakkan Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 200 per sq.ft from 2023 to 2024. It increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, reflecting a 49% increase over that period.

What is the land classification for Kakkan Street?

Kakkan Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the other guideline values in Nemili_B?

In Nemili_B, guideline values for other streets range from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Kakkan Street's guideline value is below this median.

Where is the Sub Registrar Office for Kakkan Street located?

The Sriperumpudur Sub Registrar Office, which covers Kakkan Street, is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.