Guideline Value for Kakkanji Street (11th Ward)

Kakkanji Street (11th Ward) guideline value

The current guideline value of Kakkanji Street (11th Ward) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kakkanji Street (11th Ward) has changed

The guideline value for Kakkanji Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 1,500 per sq.ft. This figure was then revised to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. Following this, the guideline value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase.

There are no recorded figures for Kakkanji Street in the revisions from 2002, 2003, and 2007. Overall, the guideline value has increased by 7% from 2012 to 2024.

Guideline values in Oragadam

In Oragadam village, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Kakkanji Street's 2024 figure below this median.

• Kakkanji Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Kadharmohideen St: Rs 1,600 per sq.ft (2024)
• Kabilar Street (Vijayalakshmipuram): Rs 2,400 per sq.ft (2024)
• Kabilar Street (Pudur): Rs 1,900 per sq.ft (2024)
• Kalainger Cross Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Kalainger Karunanithi Street(1ward): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Street (11th Ward)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. 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 detailed calculations.

Which Sub Registrar Office covers Kakkanji Street (11th Ward)?

The Sub Registrar Office that covers Kakkanji Street (11th Ward) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and compliance with local regulations. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kakkanji Street (11th Ward)?

The current guideline value of Kakkanji Street (11th Ward) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Kakkanji Street?

Kakkanji Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,00,000, the total fees would amount to Rs 1,44,000.

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

The Sub Registrar Office for Kakkanji Street (11th Ward) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.