Guideline Value for Kakkanji Street

Kakkanji Street guideline value

The current guideline value of Kakkanji 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 Street has changed

The guideline value for Kakkanji Street has undergone several revisions 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 current value of Rs 950 per sq.ft in the 2024 revision represents a 6% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has risen by 58%. The register has no figures 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, with a median value of Rs 1,300 per sq.ft. The guideline value of Kakkanji Street is below this median.

• Kakkanji Cross 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 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 or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkanji Street?

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

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

The guideline value is an essential factor in the registration process when buying or selling property in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the government’s valuation of the property. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kakkanji Street?

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

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 6%. Overall, from 2017 to 2024, it has risen by 58%.

What is the land classification of Kakkanji Street?

Kakkanji Street is classified as Residential Class III Type - II under the Konnur SRO.

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

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.

Where can I find the Sub Registrar Office for Kakkanji Street?

The Konnur Sub Registrar Office covers Kakkanji Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.