Guideline Value for Kakkanji Street

Kakkanji Street guideline value

The current guideline value of Kakkanji Street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Tharapakkam village under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Kakkanji Street has changed

The guideline value for Kakkanji Street has seen significant changes over the years. In the 2017 revision, the value was set at Rs 603 per sq.ft. This increased to Rs 900 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 990 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for Kakkanji Street in the revisions of 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 5,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Kakkanji Street's 2024 figure below that median.

• G D S Nagar: Rs 1,100 per sq.ft (2024)
• Gayathri Nagar Annex: Rs 1,310 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Gandhi Salai (ward 4): Rs 1,100 per sq.ft (2024)
• Gandhi Salai (ward 3): Rs 1,100 per sq.ft (2024)
• Lurudhu Ammal Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the 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 details.

Which Sub Registrar Office covers Kakkanji Street?

Kakkanji Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Tharapakkam. It serves as a reference point for calculating the stamp duty and registration fees associated with the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Kakkanji Street?

The current guideline value of Kakkanji Street is Rs 990 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 990 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value for streets in Tharapakkam?

The median guideline value for the 47 streets in Tharapakkam under the Pammal SRO is Rs 1,100 per sq.ft.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 9,90,000, with stamp duty at Rs 69,300 and registration fees at Rs 19,800, totaling Rs 89,100.

Which office handles the registration for Kakkanji Street?

The Pammal Sub Registrar Office handles the registration for Kakkanji Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.