Guideline Value for Kakkanji Street

Kakkanji Street guideline value

The current guideline value of Kakkanji Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village under the Selaiyur SRO, classified as Residential Special Type - II.

How the guideline value of Kakkanji Street has changed

The guideline value for Kakkanji Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,000 per sq.ft. In 2017, the value decreased to Rs 2,010 per sq.ft, marking a decline of 33%. However, by 2023, the value increased significantly to Rs 3,000 per sq.ft, and in the latest 2024 revision, it rose again to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Kakkanji Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,725 per sq.ft. The guideline value of Kakkanji Street is above this median.

• Kailash Nagar: Rs 2,725 per sq.ft (2024)
• Jothi Durai Street: Rs 2,725 per sq.ft (2024)
• Kamarajar Salai: Rs 1,600 per sq.ft (2024)
• Kamarajar Street: Rs 3,300 per sq.ft (2024)
• Jey Yes Road: Rs 2,725 per sq.ft (2024)
• Jeeva Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that 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 details.

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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Perumbakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kakkanji Street?

The current guideline value of Kakkanji Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Kakkanji Street?

Kakkanji Street is classified as Residential Special Type - II under the Selaiyur SRO.

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

Other streets in Perumbakkam include Kailash Nagar and Jothi Durai Street, both at Rs 2,725 per sq.ft, Kamarajar Salai at Rs 1,600 per sq.ft, Kamarajar Street and Jeeva Street both at Rs 3,300 per sq.ft, and Jey Yes Road at Rs 2,725 per sq.ft.

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

The Sub Registrar Office for Kakkanji Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.