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 Vada Mangalam village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kakkan Street has changed

The guideline value for Kakkan Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 200 per sq.ft. In 2017, the value decreased to Rs 134 per sq.ft, marking a decline of 33%. However, by 2023, it returned to Rs 200 per sq.ft, and the 2024 revision maintains this figure, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, comparing the 2012 figure to the 2024 figure, the guideline value has remained stable, with an overall change of 0%.

Guideline values in Vada Mangalam

In Vada Mangalam, there are 23 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Kakkan Street's value below this median.

• Kamarajar Nagar: Rs 350 per sq.ft (2024)
• Kambar Street: Rs 200 per sq.ft (2024)
• Iswarya Nagar: Rs 350 per sq.ft (2024)
• Iswarya Lakshmi Nagar: Rs 350 per sq.ft (2024)
• Indhira Nagar: Rs 350 per sq.ft (2024)
• Kullakarai Street: 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 would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkan Street?

The Sub Registrar Office that covers Kakkan Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find more information, you can find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Vada Mangalam. It serves as a benchmark for determining the stamp duty and registration fees payable to the government.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property transactions.

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 of Kakkan Street changed over the years?

The guideline value has seen various revisions, with a notable decrease from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

What is the median guideline value of streets in Vada Mangalam?

The median guideline value of streets in Vada Mangalam is Rs 250 per sq.ft, with Kakkan Street's value being below this median at Rs 200 per sq.ft.

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

The stamp duty for a property valued at Rs 2,00,000 is Rs 14,000, and the registration fee is Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Kakkan Street located?

The Sub Registrar Office for Kakkan Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.