Guideline Value for Kakkanji Street

Kakkanji Street guideline value

The current guideline value of Kakkanji Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kakkanji Street has changed

The guideline value for Kakkanji Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. However, the most recent revision in 2024 saw a significant increase, bringing the value back up to Rs 1,300 per sq.ft.

When examining the changes, from the 2012 revision to the 2017 revision, there was a decrease of 33%. Conversely, from 2017 to 2024, the guideline value increased by 62%. Overall, from 2012 to 2024, the guideline value has increased by 8%. It is important to note that the register has no figures for Kakkanji Street for the years 2002, 2003, 2007, and 2023.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, indicating that Kakkanji Street's current figure is below this median.

• Kalaignar Nagar: Rs 1,300 per sq.ft (2024)
• Kalaignar Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Kalaignar Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Kalaignar Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Kalaignar Street: Rs 1,300 per sq.ft (2024)
• Kailasanadhar Koil Street: Rs 1,300 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kakkanji Street?

The Sub Registrar Office that covers Kakkanji Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madambakkam. 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 a property is sold, 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 the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kakkanji Street?

The current guideline value of Kakkanji Street is Rs 1,300 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 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. This represents a decrease of 33% from 2012 to 2017, followed by a 62% increase from 2017 to 2024.

What is the land classification for Kakkanji Street?

The land classification for Kakkanji Street is Residential Class II Type - II, indicating its use for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Kakkanji Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,17,000.