Guideline Value for Kakkanji Nagar

Kakkanji Nagar guideline value

The current guideline value of Kakkanji Nagar is Rs 160 per sq.ft, effective from 1 July 2024. This area is located in Periyapalayam village and falls under the Arani_Tiruvallur SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Kakkanji Nagar has changed

The guideline value for Kakkanji Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 160 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the value was Rs 107 per sq.ft, reflecting a 50% increase from the previous revision in 2012, which was also Rs 160 per sq.ft. The 2007 revision recorded a value of Rs 100 per sq.ft, showing a 60% increase from that year to 2012.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the Kakkanji Nagar guideline value has increased by 60%.

Guideline values in Periyapalayam

In Periyapalayam village, there are 31 streets under the Arani_Tiruvallur SRO that have a guideline value for 2024, ranging from Rs 160 to Rs 600 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Kakkanji Nagar's 2024 figure below this median.

• Kalaignar Nagar: Rs 300 per sq.ft (2024)
• J.H. Nagar Annex: Rs 600 per sq.ft (2024)
• Kannappar Nagar: Rs 160 per sq.ft (2024)
• Kannappar Street: Rs 600 per sq.ft (2024)
• Kavarai Street: Rs 600 per sq.ft (2024)
• Lakshmi Amman Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 160 per sq.ft, the total guideline value would be Rs 1,60,000. The stamp duty at 7% would be Rs 11,200, and the registration fee at 2% would be Rs 3,200, totaling Rs 14,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kakkanji Nagar?

Kakkanji Nagar is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Periyapalayam. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value ensures that the government receives the appropriate revenue from the transaction. Buyers and sellers should be aware of the current guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Kakkanji Nagar?

The current guideline value of Kakkanji Nagar is Rs 160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 160 per sq.ft. The value increased from Rs 107 per sq.ft in 2017 to Rs 160 per sq.ft in 2023, and it has seen a 60% increase from Rs 100 per sq.ft in 2007.

What is the median guideline value in Periyapalayam?

The median guideline value in Periyapalayam is Rs 200 per sq.ft, which is higher than the current guideline value of Kakkanji Nagar.

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

The stamp duty for a property valued at Rs 1,60,000 would be Rs 11,200, and the registration fee would be Rs 3,200, totaling Rs 14,400.

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

The Sub Registrar Office covering Kakkanji Nagar is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.