Guideline Value for Kakkanji Street (S.V.Nagar)

Kakkanji Street (S.V.Nagar) guideline value

The current guideline value of Kakkanji Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kakkanji Street (S.V.Nagar) has changed

The guideline value of Kakkanji Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the current 2024 revision has further increased it to Rs 1,600 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a slight increase of 7%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Kakkanji Street's 2024 guideline value is below this median.

• Kakkanji Street (11th Ward): 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 (S.V.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty, charged at 7%, would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kakkanji Street (S.V.Nagar)?

The Sub Registrar Office covering Kakkanji Street (S.V.Nagar) 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 details.

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

When buying or selling property in Oragadam, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

The guideline value is essential for both buyers and sellers as it provides a standardized measure of property value in the area. This helps in maintaining transparency and fairness in property dealings, ensuring that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Kakkanji Street (S.V.Nagar)?

The current guideline value of Kakkanji Street (S.V.Nagar) 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 increased 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 (S.V.Nagar)?

Kakkanji Street (S.V.Nagar) is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Kakkanji Street (S.V.Nagar)?

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

How is the stamp duty calculated for properties in Kakkanji Street (S.V.Nagar)?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.