Guideline Value for Kakkanji Cross Street

Kakkanji Cross Street guideline value

The current guideline value of Kakkanji Cross Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class III Type - II.

How the guideline value of Kakkanji Cross Street has changed

The guideline value for Kakkanji Cross Street has seen significant changes over the years. The 2017 revision set the value at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 950 per sq.ft, marking a 6% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 58%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, indicating that Kakkanji Cross Street's 2024 figure is below that median.

• Kakkanji Street: Rs 950 per sq.ft (2024)
• Kamarajar street: Rs 950 per sq.ft (2024)
• Janasakthi Nagar: Rs 802 per sq.ft (2024)
• Indira Street: Rs 880 per sq.ft (2024)
• Indira Nagar: Rs 880 per sq.ft (2024)
• Indira gandhi street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkanji Cross Street?

The Sub Registrar Office that covers Kakkanji Cross Street is the Konnur Sub Registrar Office, located at Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor during the registration process of property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that all transactions adhere to the legal requirements set by the Registration Department. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Kakkanji Cross Street?

The current guideline value of Kakkanji Cross Street is Rs 950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 950 per sq.ft in 2024, an overall increase of 58% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500, and the registration fee would be Rs 19,000, totaling Rs 85,500.

Which Sub Registrar Office handles registrations for Kakkanji Cross Street?

The Konnur Sub Registrar Office handles registrations for Kakkanji Cross Street, located at Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Kakkanji Cross Street?

Kakkanji Cross Street is classified as Residential Class III Type - II, indicating its designated use for residential purposes.