Guideline Value for Kakkanji Street

Kakkanji Street guideline value

The current guideline value of Kakkanji Street in Padiyanallur village under the Redhills SRO is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Kakkanji Street has changed

The guideline value of Kakkanji Street has seen several revisions over the years. In 2003, the value was Rs 171 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2007. Following that, the value rose to Rs 700 per sq.ft in 2012, before decreasing to Rs 469 per sq.ft in 2017. The 2023 revision set the value at Rs 700 per sq.ft, which then increased by 10% to Rs 770 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 350%. Notably, there is no figure available for Kakkanji Street in the 2002 revision.

Guideline values in Padiyanallur

Padiyanallur village has a range of guideline values across its 132 streets under the Redhills SRO, with values varying from Rs 385 to Rs 2,750 per sq.ft. The median guideline value is Rs 770 per sq.ft, which is the same as the current value for Kakkanji Street.

• Kaavya Garden Annex: Rs 660 per sq.ft (2024)
• Kalaivanar Street: Rs 770 per sq.ft (2024)
• Kalanchinathan Street: Rs 660 per sq.ft (2024)
• Jothi Nagar: Rs 1,320 per sq.ft (2024)
• Kalpaga Nagar: Rs 1,320 per sq.ft (2024)
• Jeeva Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that the 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 details.

Which Sub Registrar Office covers Kakkanji Street?

The Kakkanji Street falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Padiyanallur. It serves as the baseline value for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the minimum sale price at which a property can be registered. This ensures that all transactions are recorded accurately and transparently within the real estate market.

Frequently asked questions

What is the current guideline value of Kakkanji Street?

The current guideline value of Kakkanji Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the Kakkanji Street guideline value changed over the years?

The guideline value has changed from Rs 171 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, showing an overall increase of 350% over the years.

What are the other streets in Padiyanallur with their guideline values?

Other streets in Padiyanallur include Kaavya Garden Annex at Rs 660 per sq.ft, Kalaivanar Street at Rs 770 per sq.ft, and Jothi Nagar at Rs 1,320 per sq.ft, among others.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 69,300, based on the current guideline value of Rs 7,70,000.

Which Sub Registrar Office is responsible for Kakkanji Street?

The Redhills Sub Registrar Office is responsible for Kakkanji Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.