Guideline Value for Kakkanji Street

Kakkanji Street guideline value

The current guideline value of Kakkanji Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kolapakkam village, under the Pammal 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 significant changes over the years. The 2017 revision recorded a value of Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Kakkanji Street's 2024 figure below this median.

• Kamatchi Amman Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Kamatchi Nagar: Rs 2,200 per sq.ft (2024)
• Jayapriya Nagar: Rs 2,200 per sq.ft (2024)
• Karumariamman Nagar: Rs 2,200 per sq.ft (2024)
• Kathiravan Nagar: Rs 2,750 per sq.ft (2024)
• Kaththayiamman Magar: Rs 1,980 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kakkanji Street?

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

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

The guideline value is a crucial factor when registering property transactions in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed based on the established values in the area.

Frequently asked questions

What is the current guideline value of Kakkanji Street?

The current guideline value of Kakkanji Street is Rs 1,650 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 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, which is an overall increase of 64%.

What is the median guideline value for streets in Kolapakkam?

The median guideline value for streets in Kolapakkam is Rs 2,200 per sq.ft for the year 2024.

What are the registration fees for property in Kakkanji Street?

The registration fee is calculated at 2% of the guideline value, while the stamp duty is charged at 7% of the higher of the guideline value or the sale price.

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

The Sub Registrar Office covering Kakkanji Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.