Guideline Value for Kakkanji Street

Kakkanji Street guideline value

The current guideline value of Kakkanji Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I 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 2012, the value was set at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 750 per sq.ft in 2023, and then further rose to Rs 830 per sq.ft in 2024, marking an 11% increase from the previous year. It is important to note that there are no registered figures for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value in this village is Rs 830 per sq.ft, which aligns with the current value of Kakkanji Street.

• Kakkanji 1st Cross Street: Rs 830 per sq.ft (2024)
• Kamarajar Street: Rs 830 per sq.ft (2024)
• J.J. Nagar Main Road: Rs 550 per sq.ft (2024)
• J.J. Nagar 4th Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 3rd Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 2nd Street: Rs 550 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 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total fees to Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kakkanji Street?

The Sub Registrar Office that covers Kakkanji Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, 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 Agaramthen

The guideline value plays a crucial role when buying or selling property in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must refer to the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kakkanji Street?

The current guideline value of Kakkanji Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total fees would amount to Rs 74,700, which includes stamp duty and registration fees.

Which office handles the registration for Kakkanji Street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Kakkanji Street, located at No.26, mes Road, East Tambaram, Chennai-600059.

What is the land classification of Kakkanji Street?

Kakkanji Street is classified as Residential Class I Type - II under the current guidelines.