Guideline Value for Kakkanji Street

Kakkanji Street guideline value

The current guideline value of Kakkanji Street in Kerugambakkam village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Kakkanji Street has changed

The guideline value for Kakkanji Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 670 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for Kakkanji Street in the revisions of 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, placing Kakkanji Street's 2024 figure below this median.

• Kalaigar Street: Rs 1,980 per sq.ft (2024)
• Kadumpadi Amman Koil Street: Rs 1,760 per sq.ft (2024)
• Kalaivanar Street: Rs 1,980 per sq.ft (2024)
• Kamarajar Street: Rs 1,980 per sq.ft (2024)
• Jayaram Nagar Extn: Rs 2,750 per sq.ft (2024)
• Jayaram Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. Please 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 information.

Which Sub Registrar Office covers Kakkanji Street?

Kakkanji Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kerugambakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. This ensures that the transaction is recorded accurately and legally.

When a property is registered, the guideline value is considered to assess the applicable fees. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kakkanji Street?

The current guideline value of Kakkanji Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over these years.

What is the stamp duty for property in Kakkanji Street?

The stamp duty for property in Kakkanji Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What other streets have guideline values in Kerugambakkam?

Other streets in Kerugambakkam include Kalaigar Street, Kadumpadi Amman Koil Street, Kalaivanar Street, Kamarajar Street, Jayaram Nagar Extn, and Jayaram Nagar, with guideline values ranging from Rs 1,760 to Rs 2,750 per sq.ft in 2024.