Guideline Value for Kakkanji 1st Cross Street

Kakkanji 1st Cross Street guideline value

The current guideline value of Kakkanji 1st Cross Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kakkanji 1st Cross Street has changed

The guideline value for Kakkanji 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 750 per sq.ft. The most recent revision in 2024 has brought the guideline value up to Rs 830 per sq.ft, marking an 11% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Kakkanji 1st Cross Street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, which is equal to the current value of Kakkanji 1st Cross Street.

• Kakkanji Street: Rs 830 per sq.ft (2024)
• J.J. Nagar Main Road: Rs 550 per sq.ft (2024)
• J.J. Nagar 4th Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 3rd Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 2nd Street: Rs 550 per sq.ft (2024)
• Kamarajar Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total cost for these fees to Rs 74,700. 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 information.

Which Sub Registrar Office covers Kakkanji 1st Cross Street?

The Sub Registrar Office that covers Kakkanji 1st Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. The guideline value is used to ensure that the property is accurately valued for taxation purposes.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring that the government collects the appropriate taxes on property transactions.

Frequently asked questions

What is the current guideline value of Kakkanji 1st Cross Street?

The current guideline value of Kakkanji 1st Cross Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification for Kakkanji 1st Cross Street?

The land classification for Kakkanji 1st Cross Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Kakkanji 1st Cross Street?

The Sub Registrar Office for Kakkanji 1st Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Kakkanji 1st Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 8,30,000 would incur a stamp duty of Rs 58,100 at 7%.