Guideline Value for Kakkan Street

Kakkan Street guideline value

The current guideline value of Kakkan Street in Mambakkam village is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification and is governed by the Sunguvarchattram SRO.

How the guideline value of Kakkan Street has changed

The guideline value for Kakkan Street has seen a revision in 2024, where it is set at Rs 250 per sq.ft, an increase from the previous figure of Rs 200 per sq.ft established in the 2023 revision. This represents a change of +25% from the 2023 to 2024 revision.

For the years 2017, 2012, 2007, 2003, and 2002, the register has no figure for Kakkan Street. Therefore, the only available figures are from the 2023 and 2024 revisions.

Guideline values in Mambakkam

In Mambakkam, there are 39 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,418 per sq.ft. The median guideline value for these streets is Rs 305 per sq.ft, placing Kakkan Street's 2024 figure below this median.

• Kuruku Street: Rs 305 per sq.ft (2024)
• Globe Vill: Rs 1,250 per sq.ft (2024)
• Mahalakshmi Farms: Rs 505 per sq.ft (2024)
• Florence Garden: Rs 500 per sq.ft (2024)
• Main Road: Rs 505 per sq.ft (2024)
• ETA Florence Garden: Rs 500 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total charges to Rs 22,500. It is important to note that 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 Street?

The Kakkan Street falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role when registering property transactions in Mambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kakkan Street?

The current guideline value of Kakkan Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2023 to Rs 250 per sq.ft in 2024, reflecting a +25% change. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Mambakkam?

The median guideline value for streets in Mambakkam is Rs 305 per sq.ft. Kakkan Street's 2024 figure of Rs 250 per sq.ft is below this median.

What are the stamp duty and registration fees for property in Kakkan Street?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Kakkan Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Kakkan Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.