Guideline Value for Kakkanji Street, Chennai 82

Kakkanji Street, Chennai 82 guideline value

The current guideline value of Kakkanji Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kakkanji Street, Chennai 82 has changed

The guideline value for Kakkanji Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. Following this, the value surged to Rs 4,000 per sq.ft in 2023, and then further increased to Rs 4,400 per sq.ft in 2024, representing a 10% increase.

There are no figures available for Kakkanji Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Kakkanji Street's 2024 figure below that median.

• J- Block, (East)7th Street: Rs 11,000 per sq.ft (2024)
• J- Block, (East)6th Street: Rs 11,000 per sq.ft (2024)
• Kamaraj nagar: Rs 3,300 per sq.ft (2024)
• Kamaraj Street (Block no 11): Rs 3,300 per sq.ft (2024)
• Kamaraj Street (GKM Colony) Chennai 82: Rs 4,400 per sq.ft (2024)
• Kambar Street, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Street, Chennai 82

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 information.

Which Sub Registrar Office covers Kakkanji Street, Chennai 82?

The Sub Registrar Office that covers Kakkanji Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kakkanji Street, Chennai 82?

The current guideline value of Kakkanji Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 267%.

What is the land classification for Kakkanji Street?

Kakkanji Street falls under the Residential Class II Type - I land classification.

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

For a property valued at Rs 44,00,000, the total stamp duty and registration fees would amount to Rs 3,96,000.

Which office handles registrations for Kakkanji Street?

The AnnaNagar Sub Registrar Office handles registrations for Kakkanji Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.